115 companies applied to get benefit for automobiles under PLI

15 Jan 2022 CW Team

The Ministry of Heavy Industries told the media that the automobile and the auto component sector received applications from 115 companies to benefit under the public linked incentive (PLI) scheme.

The PLI scheme was notified on 23 September 2021 and was open till 9 January 2022.

The incentives are applicable under the scheme for the sales of advanced automotive technology products made in India from April 2022 to five years.

The scheme had received approval with a budgetary outlay of Rs 25,938 crore, and it aims to boost the domestic manufacturing of automotive products.

According to a statement, 83 applications have been received under the component champion incentive scheme.

It is a sales value linked scheme applicable to advanced automotive components, completely knocked down (CKD) or semi-knocked down (SKD) kits, vehicle aggregates of 2 and 3 wheelers, passenger vehicles, commercial vehicles and tractors.

The PLI scheme comprises - Champion Original Equipment Manufacturer (OEM) Incentive Scheme and Component Champion Incentive Scheme.

The Champion OEM Incentive Scheme is a sales value linked scheme, which is applicable on electric vehicle (EV) batteries and hydrogen fuel cell vehicles. 13 applications have been filed under the Champion OEM scheme and seven under 2 and 3 wheelers.

Nine applications were received under the non-automotive investor OEM company and three under the new non-automotive investor company.

Vinnie Mehta, Director-General of the Automotive Component Manufacturers Association of India (ACMA), said that the PLI scheme received a good response from Indian automobile and auto components.

Image Source

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..