The Indian government added near about 100 advanced technologies, including alternate fuel systems such as CNG, under the (PLI) production-linked incentive scheme for the automobiles.
What is PLI Scheme In Automobile?
Union Cabinet had confirmed the PLI scheme for automobiles with an outlay of Rs >26 crore, in September 2021. This scheme goal is to inducement value advanced automotive technology automobile and products like modifying front lighting, tyre pressure , sunroofs,monitoring system, collision warning systems, & automatic braking, for auto industry. It also point to boost producing capability in the automobile sector, containing hydrogen and electric cell vehicles.
Goal of the incentive under PLI Scheme
The incentive form under the PLI Scheme goals to inspire industry for building fresh investments for the purpose of indigenous global provide chains of advanced automotive technology items.
What is PLI Scheme?
PLI scheme focus to supply incentives to the companies on the depends on incremental sales from items produced in domestic units. It appeal to foreign companies to set up their units in India even encourage local companies to enlarge manufacturing units.
Bharat Stage VI compliant flex fuel engines, e-quadricyle,electronic control units (ECU) for safety, advanced driver assist system, with others will also be protect under the scheme.
Till now, the government has contain only 2-wheelers and 4-wheelers under the scheme.
The scheme purpose to grow manufacturing ability of the automobile sector, concluding the electric & hydrogen fuel cell vehicles.