Euler Motors Seeks Relaxation of Auto PLI Criteria to Support EV Start-Ups

Euler Motors, an electric vehicle start-up, has urged the Indian government to relax the eligibility criteria of the automotive Production Linked Incentive (PLI) scheme. The current requirements, including a minimum global group revenue of Rs 10,000 crore and fixed asset investments of Rs 3,000 crore, exclude many EV start-ups despite their significant investments and contributions to green mobility. Euler Motors highlights its role in electric four-wheeler and three-wheeler commercial cargo vehicles and calls for more inclusive incentives to support emerging EV companies.