BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICRA Research Report
The Ministry of Heavy Industries, Government of India, announced a Rs 25,938 crore production linked incentive for the auto and auto components sector on September 15, 2021.
Further clarifications on the scheme were issued via a notification dated September 23, 2021.
The auto PLI scheme aims to provide sales-linked incentives to both original equipment manufacturers and component suppliers.
The OEM incentives are only for electric vehicles and hydrogen fuel cell vehicles, while those for suppliers are applicable for advanced automotive technology components.
The incentives are sales-linked and are expected to range from 13-18% on determined sales s for OEMs and 8-13% of determined sales s for auto component manufacturers.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR