India's PLI Auto Scheme Attracts Significant Investment and Sales, Government Invokes Bank Guarantees
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India's PLI Auto Scheme Attracts Significant Investment and Sales, Government Invokes Bank Guarantees

The Indian government's Production-Linked Incentive (PLI) Auto scheme has attracted Rs 35,657 crore in cumulative investment and generated Rs 32,879 crore in sales, creating 48,974 jobs. As of September, Rs 1,999.94 crore in incentives were disbursed to five approved applicants for the 2024-25 performance year. The government plans to invoke bank guarantees from 10 companies that have made zero investment, while eight more firms are set to receive incentives from FY27.

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