- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
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Ministry of Heavy Industries
Production Linked Incentive Scheme For Automobile And Auto Component Industry
Details
Benefits
Determined Sales Value (in ₹ Crore) | Incentives (%age of Determined Sales Value) |
<= 2,000 | 13% |
> 2,000 to 3,000 | 14% |
> 3,000 to 4,000 | 15% |
> 4,000 | 16% |
Cumulative Determined Sales Value of ₹10,000 Crore over 5 years | Additional 2% |
Determined Sales Value (in ₹ Crore) | Incentives (%age of Determined Sales Value) |
<= 250 | 8%* |
> 250 to 500 | 9%* |
> 500 to 750 | 10%* |
> 750 | 11%* |
Cumulative Determined Sales Value of ₹1,250 Crore over 5 years. | Additional 2% |
Battery Electric vehicles & Hydrogen fuel cell vehicles components | Additional 5% |
Eligibility
Eligibility Criteria | Auto OEM | Auto-Component |
Global group* Revenue (from automotive and/or auto component manufacturing) | Minimum ₹ 10,000 crore | Minimum ₹ 500 crore |
Investment | Global Investment of Company or its Group* Company(ies) in fixed assets (gross block) of ₹ 3,000 crores. | Global Investment of Company or its Group* Company(ies) in fixed assets (gross block) of ₹150 crores. |
Eligibility Criteria | New Non-Automotive investor company or its Group company(ies) (who are currently not in the automobile or auto component manufacturing business) |
Global net worth | ₹ 1000 crore based on audited financial statements for the year ending March 31, 2021. |
Committed investment in India over five year period | As per Minimum New Domestic Investment Conditions mentioned below. |
Cumulative new domestic investment to be achieved | Champion OEM (Except 2W & 3W) | Champion OEM 2W & 3W | Component Champion | New Non-Automotive Investor (OEM) company or its Group company(ies) | New Non-Automotive investor (Component) company or its Group company(ies) |
Upto or before March 31, 2023 | 300 | 150 | 40 | 300 | 80 |
Upto or before March 31, 2024 | 800 | 400 | 100 | 800 | 200 |
Upto or before March 31, 2025 | 1400 | 700 | 175 | 1400 | 350 |
Upto or before March 31, 2026 | 1750 | 875 | 220 | 1750 | 440 |
Upto or before March 31, 2027 | 2000 | 1000 | 250 | 2000 | 500 |
Application Process
Documents Required
Frequently Asked Questions
Who is an applicant under the scheme?
What are the circumstances under which an applicant may be ineligible for the scheme?
Can an applicant have multiple manufacturing facilities?
Are Greenfield projects and Brownfield projects both allowed under the scheme?
Whether a Proprietorship, Partnership and Limited Liability Partnership (LLP) could avail PLI benefits?
Can a 100% foreign-owned company be eligible under PLI Scheme?
Do the Value-Added Resellers and Trading companies which are not in manufacturing business qualify under the scheme?
Can two or more companies of the Group apply through a single common Application?
How many components are there in this scheme?
Can a company submit Multiple Applications as Applicant under different Categories?
Can an applicant approved under both Champion OEM and Component Champion segment claim incentive for the same component under both segments?
In case the outlay of incentive exceeds, will the budgetary outlay be enhanced?
Is there any segregation in the budgetary outlay based on vehicle segments like 2W, 3W, 4W, CV, Tractors and Vehicles used for military purpose etc.?
Is there any segregation in the budgetary outlay for vehicles and Auto components in the scheme?
What is the period for making an application under the Scheme?
What is the base year for calculation of eligible sale value?
Can any applicant company claim incentive for any Automobile or Auto component manufactured by them?
Can any approved company claim scheme incentive for all Advanced Automotive Technology (AAT) products manufactured by them?
When can an applicant submit a claim for disbursements under PLI?
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Check Eligibility
Ministry of Heavy Industries
Production Linked Incentive Scheme For Automobile And Auto Component Industry
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