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India’s Auto PLI Drives Investment, Jobs and Green Mobility

India’s Auto PLI Drives Investment, Jobs and Green Mobility
Rs 45,477 crore, 67,000 jobs: How India’s auto PLI is funding a green mobility leap · financialexpress.com

India is giving money to companies that make cars, vehicle parts, batteries and electric vehicles.

This programme has encouraged companies to invest Rs 45,477 crore and create more than 67,000 jobs.

Another scheme helps people and organisations use electric vehicles.

It has already supported millions of electric two-wheelers and many electric buses.

The government is also paying for more public charging stations.

A battery programme aims to help India make 50 gigawatt-hours of advanced batteries at home.

Officials say India should design and build more of the technology itself.

They also want smaller businesses to join the new supply chains.

The goal is to make India a strong global producer of cleaner and more advanced vehicles.

Key facts

Auto PLI outlay
Rs 25,038 crore
Auto PLI results
Rs 45,477 crore in reported investment and more than 67,000 jobs
PM E-DRIVE outlay
Enhanced to Rs 11,900 crore
Electric vehicles supported
More than 25.66 lakh e-two-wheelers, 2.75 lakh e-three-wheelers and 53 electric trucks
Electric buses
Rs 4,391 crore allocated for 14,028 buses; 13,800 already allocated
Public charging
Rs 2,000 crore earmarked; proposals covering 7,254 chargers approved
Battery PLI target
Rs 18,100 crore scheme targeting 50 GW of domestic advanced-chemistry-cell capacity

Quotes

H. D. Kumaraswamy

Union Minister for Heavy Industries and Steel

“The real measure of success must include how much technology is designed in India, how much value is added domestically, how many Ministry of Micro, Small and Medium Enterprises of India (MSMEs) participate in emerging supply chains and how effectively Indian products compete in global markets”
financialexpress.com
“The next phase must be about leadership—building scale, deepening localisation, accelerating innovation and establishing India as a globally competitive hub for advanced and green mobility technologies”
financialexpress.com

Vikrampati Singhania

President of the Automotive Component Manufacturers Association of India

“The next phase must increasingly be about Create in India, Engineer in India and Innovate in India for India and for the world”
financialexpress.com

Sources

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