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Auto Sector - PLI Scheme Focuses On Advanced Technology: Motilal Oswal

Auto Sector - PLI Scheme Focuses On Advanced Technology: Motilal Oswal

<div class="paragraphs"><p>Robots weld the bodies of passenger vehicles on the production line at the Honda Cars India Ltd. plant in Greater Noida. (Photographer: Udit Kulshrestha/Bloomberg)</p></div>
Robots weld the bodies of passenger vehicles on the production line at the Honda Cars India Ltd. plant in Greater Noida. (Photographer: Udit Kulshrestha/Bloomberg)

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.

Motilal Oswal Report

The government has approved the production linked incentive scheme for the automobile industry with a focus on pre-approved advanced automotive technology vehicles and components (for all vehicles) – with total outlay of Rs 259.4 billion over the five years starting FY23.

The objective of this scheme is to develop local capabilities and capacities in advanced technologies for the automotive industry by incentivising the industry to make fresh investments.

The Ministry of Heavy Industry would determine the list of advanced technology vehicles and components and periodically evaluate them to factor in for technological changes.

Click on the attachment to read the full report:

Motilal Oswal Automobiles Sector Update.pdf

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