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The Times of India

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ANI

Auto PLI scheme attracts Rs 74,850 crore investment proposals

India New Delhi

NEW DELHI: The production linked incentive (PLI) scheme for automobile and auto component sectors has attracted investment proposals of Rs 74,850 crore for the next five years, 76.11 per cent higher than the planned target of Rs 42,500 crore, the government data showed on Tuesday.

The proposed investment of Rs 45,016 crore is from approved applicants under Champion OEM Incentive scheme and Rs 29,834 crore from approved applicants under Component Champion Incentive scheme, according to data released by the ministry of heavy industries.

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