Auto companies may get quarterly PLI incentives from govt

The Indian government has formed a panel to examine requests from the automobile manufacturers in the country seeking quarterly incentive payouts and inclusion of more automotive components under the Production Linked Incentive (PLI) scheme, PTI has reported quoting an official.

he Indian government has formed a panel to examine requests from the automobile manufacturers in the country seeking quarterly incentive payouts and inclusion of more automotive components under the Production Linked Incentive (PLI) scheme, PTI has reported quoting an official.

The government official has reportedly said that in 2024, the incentives under PLI for the automobile sector will be given annually but a committee has been formed in the ministry that will look into the requests of auto OEMs seeking payouts of the incentive scheme every quarter, instead of annual incentive payouts at present. The panel will reportedly also assess the requests by some automobile manufacturers to bring more auto components under the ambit of the PLI scheme.