PLI Auto Scheme Draws Rs 356.6 Billion in Investments

The Centre has said that the Production-Linked Incentive (PLI) scheme for automobiles has attracted cumulative investments of Rs 356.6 billion so far, underscoring strong industry participation in India’s push to build advanced automotive manufacturing capacity.

Introduced to strengthen domestic capabilities in Advanced Automotive Technology products, the scheme has a total budgetary outlay of about Rs 260 billion and covers a five-year performance period from 2023–24 to 2027–28.

According to the Ministry of Heavy Industries, incentives under the scheme have been extended to more than 1 million electric two-wheelers and about 238,000 electric three-wheelers, reflecting rapid scale-up in clean mobility segments.

In addition, around 80,000 electric four-wheelers and approximately 1,400 electric buses have also received incentives, highlighting the scheme’s broad coverage across vehicle categories and its role in accelerating the transition to electric mobility in the country.