Auto Sector Incentive
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India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
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Budget 2023: Centre Likely To Extend Incentives Scheme To More Sectors
The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, and textiles.
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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 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.
-
GST & Subsidies On Electric Vehicles in India
By offering subsidies, incentives, and advantages to customers and the EV sector as a whole, the Indian government has sown the seed for electric vehicles.
-
Union Budget 2022: Here's What The Indian Automotive Industry Is Expecting
Finance Minister, Nirmala Sitharaman will be announcing the union budget for FY2023 on February 1, 2022, and like all other industries, the auto sector is also eagerly waiting to see what is in store for them.
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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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Auto Sector Will Help Achieve $5 Trillion Dollar Economy Target, Says Minister
Union Minister for Heavy Industries Mahendra Nath Pandey on Wednesday said India would become a manufacturing hub
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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.
-
Electric Two-Wheeler Makers Welcome PLI Scheme For Auto Sector
Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.
-
Cabinet Approves Rs 26,000 Crore Incentive Scheme For Auto, Drone Industries
The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industries to enhance India's manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday.
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Government Approves Rs. 26,000 Crore Incentive Scheme To Boost Vehicle Production: Report
The Union Cabinet had cleared a new production linked incentive (PLI) scheme to boost vehicle production in the country. Reports suggest an incentive scheme of nearly Rs. 26,000 crore for the auto sector, for a period of 5 years.
-
Cabinet Clears Rs 26,000 Crore Scheme For Auto Sector To Boost Production
The government today cleared Rs 26,000 crore worth new production-linked incentive (PLI) scheme for the auto sector, to boost the production of electric vehicles and hydrogen fuel vehicles.
-
Government To Give Nearly Rs. 26,000 Crore In Revised Clean Tech Scheme For Automakers: Report
The government's original plan was to give about Rs. 58,861 crore to automakers and part manufacturers to promote mainly petrol technology, with added benefits for EVs. The scheme was redrawn to focus on companies that build electric and hydrogen fuel-powered vehicles.
-
India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
-
Budget 2023: Centre Likely To Extend Incentives Scheme To More Sectors
The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, and textiles.
-
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 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.
-
GST & Subsidies On Electric Vehicles in India
By offering subsidies, incentives, and advantages to customers and the EV sector as a whole, the Indian government has sown the seed for electric vehicles.
-
Union Budget 2022: Here's What The Indian Automotive Industry Is Expecting
Finance Minister, Nirmala Sitharaman will be announcing the union budget for FY2023 on February 1, 2022, and like all other industries, the auto sector is also eagerly waiting to see what is in store for them.
-
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.
-
Auto Sector Will Help Achieve $5 Trillion Dollar Economy Target, Says Minister
Union Minister for Heavy Industries Mahendra Nath Pandey on Wednesday said India would become a manufacturing hub
-
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.
-
Electric Two-Wheeler Makers Welcome PLI Scheme For Auto Sector
Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.
-
Cabinet Approves Rs 26,000 Crore Incentive Scheme For Auto, Drone Industries
The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industries to enhance India's manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday.
-
Government Approves Rs. 26,000 Crore Incentive Scheme To Boost Vehicle Production: Report
The Union Cabinet had cleared a new production linked incentive (PLI) scheme to boost vehicle production in the country. Reports suggest an incentive scheme of nearly Rs. 26,000 crore for the auto sector, for a period of 5 years.
-
Cabinet Clears Rs 26,000 Crore Scheme For Auto Sector To Boost Production
The government today cleared Rs 26,000 crore worth new production-linked incentive (PLI) scheme for the auto sector, to boost the production of electric vehicles and hydrogen fuel vehicles.
-
Government To Give Nearly Rs. 26,000 Crore In Revised Clean Tech Scheme For Automakers: Report
The government's original plan was to give about Rs. 58,861 crore to automakers and part manufacturers to promote mainly petrol technology, with added benefits for EVs. The scheme was redrawn to focus on companies that build electric and hydrogen fuel-powered vehicles.
