Auto PLI attracts investment of Rs 74,850 cr for five years

16 Mar 2022 CW Team

The Production Linked Incentive (PLI) scheme introduced by the government for automobile and auto component sectors in India has attracted investment proposals of Rs 74,850 crore for the next five years, up by 76.11% than the planned investment of Rs 42,500 crore.

According to data, 20 applicants approved the proposed investment of Rs 45,016 crore under the Champion Original Equipment Manufacturer (OEM) Incentive scheme and Rs 29,834 crore from 75 applicants under the Component Champion Incentive scheme.

Overall, 115 companies applied under the PLI scheme for the automobile and auto component sectors across India. Out of which, five Auto OEM companies had participated in both parts of the scheme.

The incentives are applicable under the PLI scheme for Determined Sales of Advanced Automotive Technology (AAT) vehicle products manufactured in India from 1 April 2022 for five consecutive years.

Earlier, the government launched the PLI scheme for the automobile and auto component sectors for enhancing the manufacturing capabilities of India for Advanced Automotive Products (AAT). It had a budgetary outlay of Rs 25,938 crore.

The PLI scheme for the automobile and auto component sectors proposes financial incentives to boost the domestic manufacturing of AAT products and attract investments in the automobile component manufacturing value chain.

The main objective of the scheme includes overcoming cost disabilities, creating economies of scale, providing more employment opportunities and building a robust supply chain in AAT products. This scheme will facilitate the automobile industry to increase and boost the value chain into higher value-added products in the automotive industry.

Image Source

Also read: Govt to increase fund allocation for solar PLI scheme to Rs 240 bn

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..