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Government finalizes over 70 companies for Pli auto parts: Sources


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No less than 103 components are mentioned in the PLI diagram. Incentives in the range of 8-13% will be given to companies that manufacture components for safety, flexible fuels, CNG, LNG, emissions control, passenger comfort, energy efficiency and sensors , while a higher range of incentives – 13 to 18% – will be given to companies making components for hydrogen and electric vehicles.

Seventy of the more than 100 companies that had applied for the Component Production Linked Incentive (PLI) programs have qualified, sources told CNBC-TV18. All the big names – Motherson Sumi, Bosch India, Minda Industries, Tata Auto components, Bharat Forge, Ceat – are among the non-auto investors who have qualified for this program.

Sandhar Technologies Sona Comstar, Lumax, Maruti Suzuki, Toyota, Delphi TVS, Hella India, Dana Group and Mando Group also qualified.

Foreign companies from Germany, the United States, the Netherlands, Japan, South Korea, France and Italy are also on the list. It is believed that Nidec and Mitsubishi are also on the list.

No less than 103 components are mentioned in the PLI diagram. Incentives in the range of 8-13% will be given to companies that manufacture components for safety, flexible fuels, CNG, LNG, emissions control, passenger comfort, energy efficiency and sensors , while a higher range of incentives – 13 to 18% – will be given to companies making components for hydrogen and electric vehicles.

An interministerial group has prepared this list, which will be approved by the minister concerned; final approvals are expected later today or by Monday.

First post: STI


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