Tata Motors, Eicher Motors, Hero Motocorp among 20 companies approved under PLI scheme for auto and auto component industry
New Delhi/IBNS: The Centre on Friday approved 20 companies, who had applied for the Production Linked Incentive (PLI) Scheme for the automobile and automobile component industry under the “Champion OEM Incentive Scheme”.
Cabinet approves production linked incentive scheme for Auto Industry, Drone Industry to enhance India’s manufacturing capabilities
New Delhi: Taking steps forward towards the vision of an ‘Aatmanirbhar Bharat’, Government led by Prime Minister Narendra Modi, has approved the PLI Scheme for Automobile Industry and Drone Industry with a budgetary outlay of ₹ 26,058 crore.
Auto industry produces 29,075,605 vehicles in April-March: SIAM
New Delhi, Apr 10 (IBNS): The Indian automobile industry produced a total 29,075,605 vehicles, including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-March 2018 as against 25,330,967 in April-March 2017, registering a growth of 14.78 percent over the same period last year, as per data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.