PLI Scheme for Automobiles and Auto Components
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Questions and Answers

What is the main objective of the PLI Scheme for Automobiles and Auto Components?

  • To decrease the production of electric and hydrogen-powered vehicles
  • To reduce the budgetary outlay for automobile manufacturing
  • To encourage imports of advanced automotive technology products
  • To boost domestic manufacturing of advanced automotive technology products and attract investments in the automotive manufacturing value chain (correct)
  • Which year was the PLI Scheme for Automobiles and Auto Components launched?

  • 2020
  • 2019
  • 2021 (correct)
  • 2022
  • What is the tenure of the PLI Scheme for Automobiles and Auto Components extended by?

  • 2 years
  • 6 months
  • 1 year (correct)
  • 3 years
  • When will the disbursement of the incentive under the PLI Scheme take place?

    <p>FY 2024-25</p> Signup and view all the answers

    What is the budgetary outlay for the PLI Scheme for Automobiles and Auto Components?

    <p>Rs. 25,938 crores</p> Signup and view all the answers

    Which type of vehicles does the Champion OEM part of the Scheme focus on?

    <p>Electric or hydrogen-powered vehicles</p> Signup and view all the answers

    What is the maximum financial year limit until which an approved company can receive benefits under the PLI Scheme?

    <p>FY 2027-28</p> Signup and view all the answers

    What happens if an approved company fails to meet the threshold for an increase in sales in the first year?

    <p>It will be disqualified from receiving any incentive for that year.</p> Signup and view all the answers

    What is one of the main objectives of the PLI Scheme for Auto Components?

    <p>Building a robust supply chain in AAT products</p> Signup and view all the answers

    Which part of the PLI Scheme focuses on high-value and high-tech components?

    <p>Component Champions</p> Signup and view all the answers

    How many consecutive financial years will the incentive be applicable under the PLI Scheme starting from FY 2023-24?

    <p>5 years</p> Signup and view all the answers

    Who are eligible beneficiaries under the PLI Scheme for Automobiles and Auto Components?

    <p><em>Both</em> existing automotive companies and new investors</p> Signup and view all the answers

    The Ministry of Heavy Industries has made following announcements with respect to Production Linked Incentive (PLI) Scheme for Automobiles and Auto Components Extended the tenure of the Scheme by 1 ____.

    <p>year</p> Signup and view all the answers

    The PLI Scheme for Automobiles and Auto Components aims to boost domestic manufacturing of advanced automotive technology (AAT) products and attract investments in the automotive manufacturing value ____.

    <p>chain</p> Signup and view all the answers

    The Champion OEM part of the Scheme is for ____ or hydrogen-powered vehicles.

    <p>electric</p> Signup and view all the answers

    The budgetary outlay for the PLI Scheme for Automobiles and Auto Components is Rs. ____ crores.

    <p>25,938</p> Signup and view all the answers

    The incentive under the PLI Scheme will be applicable for 5 consecutive financial years, starting from the FY ____.

    <p>2023-24</p> Signup and view all the answers

    If an approved company fails to meet the threshold for an increase in sales in the first year, it will not receive any incentive for that ____.

    <p>year</p> Signup and view all the answers

    The approved applicant will be eligible for benefits for 5 consecutive financial years, but not beyond the FY ending on March 31, ____.

    <p>2028</p> Signup and view all the answers

    The main objective of the PLI Scheme for Automobiles and Auto Components is to create economies of scale and build robust supply chain in areas of advanced automotive technology ____.

    <p>products</p> Signup and view all the answers

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