Automobiles - PLI For Auto Sector Focuses On ‘Atmanirbhar Bharat’: Motilal Oswal
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
We hosted Mr Saurabh Agarwal, Partner – E&Y, to understand his perspective on the production linked incentive scheme for the auto sector.
While these discussions are based on the understanding of the scheme, a detailed policy document is not available yet.
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.
This scheme could potentially change the competitive landscape as the eligibility criteria may not favor smaller original equipment manufacturers and older start-ups.
Also, it seems the PLI incentive would be on a value-add basis.
Click on the attachment to read the full report:
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.