PLI Steers Rs 20,715-Cr Investments For Auto Sector

New Delhi: The production-linked incentive (PLI) scheme for automobile and auto components industry has achieved Rs20,715 crore investment and Rs10,472 crore incremental sales have been achieved (as of September), with the first incentive disbursement planned for FY2024-25, the government said on Thursday.

According to the Ministry of Heavy Industries, out of 115 applications received, 82 were approved, with an estimated investment of Rs42,500 crore, incremental sales of Rs2,31,500 crore, and 1.4 lakh jobs over five years.