M&M, Tata Motors bag big PLI incentives; earn brownie points for their work in advanced auto tech

The PLI scheme for the auto and auto components industry runs from 2023-24 to 2027-28, with payments scheduled between 2024-25 and 2028-29. It offers incentives ranging from 8 per cent to 18per cent for components related to electric vehicles, hydrogen fuel cells, and other advanced technologies.


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