The government of India has launched the scheme “Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry” in India to enhance India’s Manufacturing Cap...
Department: · Level: central
The approved applicants will be entitled to receive incentives (% benefit) subject to meeting other conditions of the scheme: **1. Incentive Slabs for Champion OEM and New Non-Automotive (OEM) Investor company:** Determined Sales Value (in ₹ Crore)Incentives (%age of Determined Sales Value)<= 2,00013%> 2,000 to 3,00014%> 3,000 to 4,00015%> 4,000 16%Cumulative Determined Sales Value of ₹10,000 Crore over 5 years Additional 2%**2. Incentive slab for Component Champion and New Non-Automotive (Component) Investor Company:** Determined Sales Value (in ₹ Crore)Incentives (%age of Determined Sales Value)<= 2508%*> 250 to 500 9%*> 500 to 75010%*> 75011%*Cumulative Determined Sales Value of ₹1,250 Crore over 5 years.Additional 2%Battery Electric vehicles & Hydrogen fuel cell vehicles componentsAdditional 5%*Multiplied by a factor of 0.9 in the fifth year for eligible sales relating to Internal Combustion Engine (ICE) vehicle components.
The applicant company or its Group company(ies) will need to meet the following common criteria to qualify and receive benefits under the Scheme: **Basic Eligibility Criteria:** **1. For a company or its Group company(ies) with an existing presence in India or globally in the Automotive vehicle and components manufacturing business:** E**ligibility Criteria****Auto OEM** **Auto-Component**Global group* Revenue (from automotive and/or auto component manufacturing)Minimum ₹ 10,000 croreMinimum ₹ 500 croreInvestmentGlobal Investment of Company or its Group* Company(ies) in fixed assets (gross block) of ₹ 3,000 crores.Global Investment of Company or its Group* Company(ies) in fixed assets (gross block) of ₹150 crores.*Group Company(ies) shall mean two or more enterprises which, directly or indirectly, are in a position to: Exercise twenty-six percent or more of voting rights in the other enterprise; Or Appoint more than fifty percent of members of the Board of Directors in the other enterprise (As defined in the FDI Policy Circular of 2020). 2. **For new non-automotive investor companies or its Group company(ies) that may want to participate in this scheme:** **Eligibility Criteria***...
**Online** The window for receiving applications through the Notice Inviting Applications will be for a period of 60 days. **Step 01:** The applicant companies are required to submit an application along with financial & supporting documents. **Step 02:** All applications will be submitted through an online portal maintained by the PMA. [https://pliauto.in/](https://pliauto.in/) **Step 03:** Applicants need to "Sign in" using their login credentials and apply for the scheme. [https://pliauto.in/login ](https://pliauto.in/login) **Step 04:** The Application Form along with details of all necessary supporting documents, to be submitted at the time of application. **Step 05:** A non-refundable application fee would be payable for each application. **Step 06:** Upon successful submission of an application, PMA will issue a unique Application ID to the applicant for all future references pertaining to the Scheme. **Note 01**: The PMA will process the applications and make appropriate recommendations for approvals under the Scheme. **Note 02:** MHI will consider applications, as recommended by PMA through the appropriate channel, for approval under the Scheme. *...