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PLI Auto Scheme Drives Rs 1.76 Lakh Cr Investment, Creates Over 12 Lakh Jobs In India
The scheme has an outlay of Rs 10,900 crore over a period of four years and aims to incentivise the sale of e-2W, e-3W, e-Ambulances, e-Trucks, and e-buses.
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Ola Electric Gets Government Notice for Missing Battery Plant Setup Target
Ola Electric received a letter from the federal government on Tuesday for missing a key milestone in the setup of its planned battery "gigafactory". The Rs. 181 billion ($2.07 billion) scheme required companies to set up manufacturing facilities within two years.
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TVS To Focus On Scaling Up EV Segment
According to the companys annual report for 2021-22, TVS Motor Company intends to scale up its role in the electric segment.
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Ford Shelves Plans To Manufacture EVs In India
The carmaker has decided against manufacturing EVs in India despite having been approved for the Central Government's Production Linked Incentive scheme
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Ford, Suzuki To Get Incentives Under India's $3.5 Billion Clean Fuel Scheme
The ministry of heavy industries said it has approved applications from 20 companies which also include Kia Motors, Tata Motors, Mahindra & Mahindra and Softbank-Group Ola Electric.
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Hyundai Motor, Ola Electric Receive Incentives Under PLI Scheme For Advanced Chemistry Cell Battery Storage
Hyundai Motor Company and Ola Electric are now required to set up the manufacturing facility within a period of two years, as the incentive will be disbursed thereafter over a period of five years on the sale of batteries manufactured in India.
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Ford, Suzuki To Get Incentives Under India's $3.5 Billion Clean Fuel Scheme
The federal cabinet last year approved a plan under which it will give benefits to the automobile sector over a five-year period to boost production of electric and hydrogen fuel-powered vehicles and their components.
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Ford, Suzuki To Get Incentives Under India's $3.5 Billion Clean Fuel Scheme
The ministry of heavy industries said it has approved applications from 20 companies which also include Kia Motors, Tata Motors, Mahindra & Mahindra and Softbank-Group Ola Electric.
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115 Automotive Companies Apply For PLI Scheme: Ministry Of Heavy Industries
Incentives are applicable under the scheme for determining sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from April 1, 2022, onwards for a period of five consecutive years, the ministry said in a statement.
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Government Policy Changes That Affected Auto Sector In 2021
From automotive vehicle scrappage policy to PLI Scheme, here are the top 5 government policy changes that affected the Indian auto sector in 2021.
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Vedanta Plans To Invest Up To Rs. 60,000 Crore For Setting Up Chip Manufacturing Plant In India
Anil Agarwal's Vedanta group is currently finalising technology and equity partnerships as well as joint ventures with top fabrication makers across the globe.
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Exide Industries To Set Up Lithium-Ion Cell Manufacturing Plant In India
In a regulatory filing made at the Bombay Stock Exchange (BSE), Exide Industries has informed that it will set up a lithium-ion cell manufacturing plant in India.
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India Approves $10 Billion Plan To Lure Semiconductor And Display Makers
India has announced the plan at a time when automakers and tech companies are grappling with a global semiconductor shortage.
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PLI Scheme For Auto Sector: Automakers Welcome The Move, But Experts Say It's Not Enough
The cabinet has finally approved a Production Linked Incentive (PLI) scheme of nearly Rs. 26,000 crore for the auto sector. The scheme is mainly to boost manufacturing of electric and fuel cell vehicles. While OEMs are welcoming the move, industry experts believe this might not be enough.
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Cabinet Approves Rs. 26,000 Crore Incentive Scheme To Boost Clean Fuel Vehicles
India's cabinet on Wednesday approved an incentive scheme for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles and promoting the manufacture of drones.
-
PLI Auto Scheme Drives Rs 1.76 Lakh Cr Investment, Creates Over 12 Lakh Jobs In India
The scheme has an outlay of Rs 10,900 crore over a period of four years and aims to incentivise the sale of e-2W, e-3W, e-Ambulances, e-Trucks, and e-buses.
-
Ola Electric Gets Government Notice for Missing Battery Plant Setup Target
Ola Electric received a letter from the federal government on Tuesday for missing a key milestone in the setup of its planned battery "gigafactory". The Rs. 181 billion ($2.07 billion) scheme required companies to set up manufacturing facilities within two years.
-
TVS To Focus On Scaling Up EV Segment
According to the companys annual report for 2021-22, TVS Motor Company intends to scale up its role in the electric segment.
-
Ford Shelves Plans To Manufacture EVs In India
The carmaker has decided against manufacturing EVs in India despite having been approved for the Central Government's Production Linked Incentive scheme
-
Ford, Suzuki To Get Incentives Under India's $3.5 Billion Clean Fuel Scheme
The ministry of heavy industries said it has approved applications from 20 companies which also include Kia Motors, Tata Motors, Mahindra & Mahindra and Softbank-Group Ola Electric.
-
Hyundai Motor, Ola Electric Receive Incentives Under PLI Scheme For Advanced Chemistry Cell Battery Storage
Hyundai Motor Company and Ola Electric are now required to set up the manufacturing facility within a period of two years, as the incentive will be disbursed thereafter over a period of five years on the sale of batteries manufactured in India.
-
Ford, Suzuki To Get Incentives Under India's $3.5 Billion Clean Fuel Scheme
The federal cabinet last year approved a plan under which it will give benefits to the automobile sector over a five-year period to boost production of electric and hydrogen fuel-powered vehicles and their components.
-
Ford, Suzuki To Get Incentives Under India's $3.5 Billion Clean Fuel Scheme
The ministry of heavy industries said it has approved applications from 20 companies which also include Kia Motors, Tata Motors, Mahindra & Mahindra and Softbank-Group Ola Electric.
-
115 Automotive Companies Apply For PLI Scheme: Ministry Of Heavy Industries
Incentives are applicable under the scheme for determining sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from April 1, 2022, onwards for a period of five consecutive years, the ministry said in a statement.
-
Government Policy Changes That Affected Auto Sector In 2021
From automotive vehicle scrappage policy to PLI Scheme, here are the top 5 government policy changes that affected the Indian auto sector in 2021.
-
Vedanta Plans To Invest Up To Rs. 60,000 Crore For Setting Up Chip Manufacturing Plant In India
Anil Agarwal's Vedanta group is currently finalising technology and equity partnerships as well as joint ventures with top fabrication makers across the globe.
-
Exide Industries To Set Up Lithium-Ion Cell Manufacturing Plant In India
In a regulatory filing made at the Bombay Stock Exchange (BSE), Exide Industries has informed that it will set up a lithium-ion cell manufacturing plant in India.
-
India Approves $10 Billion Plan To Lure Semiconductor And Display Makers
India has announced the plan at a time when automakers and tech companies are grappling with a global semiconductor shortage.
-
PLI Scheme For Auto Sector: Automakers Welcome The Move, But Experts Say It's Not Enough
The cabinet has finally approved a Production Linked Incentive (PLI) scheme of nearly Rs. 26,000 crore for the auto sector. The scheme is mainly to boost manufacturing of electric and fuel cell vehicles. While OEMs are welcoming the move, industry experts believe this might not be enough.
-
Cabinet Approves Rs. 26,000 Crore Incentive Scheme To Boost Clean Fuel Vehicles
India's cabinet on Wednesday approved an incentive scheme for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles and promoting the manufacture of drones.
