Ministry of Heavy Industries organises an Auto PLI Conclave  to discuss and highlight the salient features of the PLI Scheme for Automobile and Auto Component Industry; Felicitates  Aatmanirbhar Bhara

Ministry of Heavy Industries( MHI) organized  an Auto PLI Conclave day at Bharat Mandapam, Pragati Maidan, New Delhi, to discuss and highlight the salient features of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry. PLI is providing financial incentives to boost domestic manufacturing of Advanced Automotive Technology products and attracting investments in the automotive manufacturing value chain. 

Union Minister of Heavy Industries, Dr. Mahendra Nath Pandey  presided  over the Conclave and  Minister of State for Heavy Industries and Power, Shri Krishan Pal Gurjar Secretary attend the event as the guest of honour.

Speaking on the occasion, Dr. Mahendra Nath Pandey said that the Ministry of Heavy Industries is fully committed to taking forward the resolution of Prime Minister Shri Narendra Modi   for a developed India and a self-reliant India.  He stated  that  under the leadership of Prime Minister Narendra Modi, India is today the 5th largest economy in the world and soon India will be the 3rd largest economy in the world. With the highest contribution of 35% in GDP, the Ministry of Heavy Industries and the Automobile Industry are ready to play their role in this direction. 

Shri  Pandey mentioned that  in line with the Prime Minister’s   vision of making the country carbon free by 2070,  MHI   is committed to promoting clean and environment-friendly vehicles in the country. Ministry of Heavy Industries  is organising an Auto PLI Conclave tomorrow i.e. 16th January, 2024 at Bharat Mandapam, Pragati Maidan, New Delhi, to discuss and highlight the salient features of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry. PLI is providing financial incentives to boost domestic manufacturing of Advanced Automotive Technology products and attracting investments in the automotive manufacturing value chain.

Union Minister of Heavy Industries, Dr. Mahendra Nath Pandey will  preside over the Conclave. Minister of State for  Heavy Industries  and Power, Shri Krishan Pal Gurjar Secretary will attend the event as guest of honour.Government  has already commenced issuing approval certificates through its Test Agencies to vehicles that are qualifying for the PLI incentives and about 22 models / variants of OEMs have already been approved for the PLI benefits, while many other Automotive Advance components are likely to be certified shortly.Recently, Ministry of Heavy Industries has also extended the scheme till the Financial Year 2027-28 and the disbursement of the incentives for the year 2023-24 will commence from April 2024 onwards.

This extension would also benefit companies to apply for new models of EVs or new technologies that are planned for introducing in the Indian market.In view of the above, Auto PLI Conclave aims to discuss the processes that are being followed for approving the vehicles / technologies for PLI incentives and showcase some of the technologies / vehicles which would benefit from the PLI Scheme.