PLI For The Auto Sector Focuses On Exports: Motilal Oswal 
Aerial view of new cars at a seaport storage area. (Photographer Alex Kraus/Bloomberg)

PLI For The Auto Sector Focuses On Exports: 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 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).

Click on the attachment to read the full report:

Motilal Oswal Auto Sector Update.pdf

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