PLI For The Auto Sector Focuses On Exports: Motilal Oswal
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Motilal Oswal Report
We hosted two experts, Mr. Vinnie Mehta of Automotive Component Manufacturers Association of India and Mr. Saurabh Agarwal of E&Y, to understand their perspective on the proposed Production Linked Incentive scheme of Rs 570 billion for the Auto sector.
These discussions are based on their understanding of the scheme, which is still under works. The scheme focusses on boosting exports of both Auto and Auto Component products from India.
The same for advanced chemistry cell battery manufacturing focusses on localization of advanced battery technologies by incentivizing high local value add. Key highlights -
The intent of the PLI scheme for the Auto sector is to Make in India. It is focused on exports and doesn’t cover import substitution opportunities (~ $15 billion imports of components).
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