“ARAI reaches a significant professional milestone! We proudly award the First Auto PLI certificate in N1 Category (4W – Goods) to M/s Tata Motors Ltd., following the meticulously defined SOP of the Automotive PLI scheme by MHI,” ARAI said in a post on X.
The primary objective of the PLI scheme is to fortify efforts in localizing production and stimulate exports within the automotive industry.
This achievement comes after several months of Tata Motors securing a domestic value certificate, marking a crucial milestone in their eligibility for the substantial Rs 25,938 crore PLI scheme.
The Central Government, in an announcement on August 30, extended the PLI scheme for the automotive sector by an additional year. This extension implies that the originally planned five-year scheme, initially set to run from 2022–23 to 2026–27, will now remain in effect until 2027–28.
At present, the scheme’s incentives are applicable to specific sales of Advanced Automotive Technology (AAT) products produced in India, commencing from April 1, 2022. These products encompass vehicles and related components.