PLI Scheme
Growth Strategies
Central Schemes Boost Domestic EV Manufacturing and Sales: Industry Players
This comes after the government approved around 50 of the 74 applications it received for the production-linked inventive (PLI), under which the manufacturers can get a grant from government of 13 to 15 per cent of the annual sales value of EVs.
News and Trends
Government To Soon Issue SOPs For INR 26,000 Crore Auto PLI: Report
The market estimates reported that as of 2022, India is the third largest automobile market in the world, surpassing Japan and Germany in terms of sales
News and Trends
Ola Electric Signs PLI Agreement With Government For Cell Manufacturing
As per company statement, Ola Electric is the only Indian EV company that received incentives under the advanced cell chemistry (ACC) PLI scheme and will begin its mass production by 2023