Maruti, Hero, Tata Motors among 75 firms to qualify for PLI scheme

16 Mar 2022 CW Team

On Tuesday, the Ministry of Heavy Industries told the media that the PLI scheme for automobile and auto component makers has been successful in drawing combined investment proposals worth Rs 74,850 crore over five years against an estimated target of Rs 42,500 crore. The PLI scheme for automobiles drew investment proposals of Rs 45,016 crore, while auto parts saw proposals worth Rs 29,834 crore.

A total of 115 firms had applied for incentives under the consolidated scheme for the automobile and auto component industry, which was notified on 23 September 2021. Of the total, five automakers, comprising Maruti Suzuki, Tata Motors, and Hero MotoCorp applied for both parts of the scheme.

Bharat Forge Ltd, Sona BLW Precision Forgings Ltd, Tata Autocomp Systems Ltd, Tata Cummins Pvt. Ltd, Tata Ficosa Automotive Systems Pvt. Ltd, Hi-Tech Gears Ltd, Toyota Industries Engine India Pvt. Ltd, Toyota Kirloskar Auto Parts Pvt. Ltd, Delphi-TVS Technologies Ltd, Hero Cycles Ltd, Mitsubishi Electric Automotive India Pvt. Ltd, Motherson Sumi Systems Ltd, Ceat Ltd, and Motherson Sumi Wiring India Ltd are among auto parts makers that have been granted permission.

State-run Bharat Heavy Electricals Ltd (BHEL), which was not engaged yet in auto component production, has also been chosen under the PLI scheme, the ministry of heavy industries told the media on Tuesday.

On 11 February, the ministry sanctioned investment offers from 20 automakers under the PLI scheme to manufacture automobiles, comprising Suzuki Motor Gujarat Pvt. Ltd, Tata Motors, Hyundai Motor India, Mahindra and Mahindra Ltd, and Kia India Pvt. Ltd.

Image Source

Also read: Tata Motors expects growth momentum to continue in 2022

As many as 75 firms, including Maruti Suzuki India Ltd, Tata Motors Ltd, and Hero MotoCorp Ltd, have qualified for government incentives aimed at boosting auto parts manufacturing in the nation under the ambitious production-linked incentive (PLI) scheme. On Tuesday, the Ministry of Heavy Industries told the media that the PLI scheme for automobile and auto component makers has been successful in drawing combined investment proposals worth Rs 74,850 crore over five years against an estimated target of Rs 42,500 crore. The PLI scheme for automobiles drew investment proposals of Rs 45,016 crore, while auto parts saw proposals worth Rs 29,834 crore. A total of 115 firms had applied for incentives under the consolidated scheme for the automobile and auto component industry, which was notified on 23 September 2021. Of the total, five automakers, comprising Maruti Suzuki, Tata Motors, and Hero MotoCorp applied for both parts of the scheme. Bharat Forge Ltd, Sona BLW Precision Forgings Ltd, Tata Autocomp Systems Ltd, Tata Cummins Pvt. Ltd, Tata Ficosa Automotive Systems Pvt. Ltd, Hi-Tech Gears Ltd, Toyota Industries Engine India Pvt. Ltd, Toyota Kirloskar Auto Parts Pvt. Ltd, Delphi-TVS Technologies Ltd, Hero Cycles Ltd, Mitsubishi Electric Automotive India Pvt. Ltd, Motherson Sumi Systems Ltd, Ceat Ltd, and Motherson Sumi Wiring India Ltd are among auto parts makers that have been granted permission. State-run Bharat Heavy Electricals Ltd (BHEL), which was not engaged yet in auto component production, has also been chosen under the PLI scheme, the ministry of heavy industries told the media on Tuesday. On 11 February, the ministry sanctioned investment offers from 20 automakers under the PLI scheme to manufacture automobiles, comprising Suzuki Motor Gujarat Pvt. Ltd, Tata Motors, Hyundai Motor India, Mahindra and Mahindra Ltd, and Kia India Pvt. Ltd. Image Source Also read: Tata Motors expects growth momentum to continue in 2022

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..