Government’s PLI Scheme Explained

The Union Cabinet has finally approved the Rs. 26,000 crore production linked incentive (PLI) for the auto sector, benefitting both automakers and auto component manufacturers. The new scheme will aid the development of advanced technologies in a bid to make the Indian auto market competitive in the global arena both in terms of technologies and scale. Here is a explainer on how the PLI scheme is set to benefit the Indian auto sector.

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