Centre has said that the Production-linked incentive (PLI) scheme for automobiles has attracted cumulative investments of 35 thousand 657 crore rupees so far.

The PLI scheme for Automobile has been introduced to enhance the country’s manufacturing capabilities in Advanced Automotive Technology products.

The scheme has a total budgetary outlay of around 26 thousand crore rupees and covers a performance period of five years, from 2023-24 to 2027-28.

The Heavy Industries Ministry said, under the scheme, incentives have been provided for a total of over ten lakh units of electric two-wheelers, and over two lakh 38 thousand units of electric three-wheelers.

Around 80 thousand units of electric four-wheelers and around one thousand 400 electric buses have also received incentives.