20 Questions
What is the main objective of the PLI Scheme for Automobiles and Auto Components?
To boost domestic manufacturing of advanced automotive technology products and attract investments in the automotive manufacturing value chain
Which year was the PLI Scheme for Automobiles and Auto Components launched?
2021
What is the tenure of the PLI Scheme for Automobiles and Auto Components extended by?
1 year
When will the disbursement of the incentive under the PLI Scheme take place?
FY 2024-25
What is the budgetary outlay for the PLI Scheme for Automobiles and Auto Components?
Rs. 25,938 crores
Which type of vehicles does the Champion OEM part of the Scheme focus on?
Electric or hydrogen-powered vehicles
What is the maximum financial year limit until which an approved company can receive benefits under the PLI Scheme?
FY 2027-28
What happens if an approved company fails to meet the threshold for an increase in sales in the first year?
It will be disqualified from receiving any incentive for that year.
What is one of the main objectives of the PLI Scheme for Auto Components?
Building a robust supply chain in AAT products
Which part of the PLI Scheme focuses on high-value and high-tech components?
Component Champions
How many consecutive financial years will the incentive be applicable under the PLI Scheme starting from FY 2023-24?
5 years
Who are eligible beneficiaries under the PLI Scheme for Automobiles and Auto Components?
Both existing automotive companies and new investors
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 ____.
year
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 ____.
chain
The Champion OEM part of the Scheme is for ____ or hydrogen-powered vehicles.
electric
The budgetary outlay for the PLI Scheme for Automobiles and Auto Components is Rs. ____ crores.
25,938
The incentive under the PLI Scheme will be applicable for 5 consecutive financial years, starting from the FY ____.
2023-24
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 ____.
year
The approved applicant will be eligible for benefits for 5 consecutive financial years, but not beyond the FY ending on March 31, ____.
2028
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 ____.
products
Learn about the latest updates regarding the Production Linked Incentive (PLI) Scheme for Automobiles and Auto Components by the Ministry of Heavy Industries. Discover the objectives of the scheme and the recent amendments made to boost domestic manufacturing and attract investments in the automotive sector.
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