The overarching principle of the auto PLI is to support innovation and new auto technologies, where India needs to compete against countries such as Taiwan and China
Clearly, the production-linked incentive (PLI) scheme for the automotive (auto) sector reiterates the government’s focus on driving green mobility. In the last six months, notwithstanding the pandemic afflictions, three announcements—the FAME II incentives, the PLI scheme for manufacture of Advanced Chemistry Cells (ACC) and the auto PLI—- are aimed at driving demand and supporting the manufacture of new age technologies. With climate change becoming a global agenda and nations striving to meet ambitious targets on net zero emissions at least…
