Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry

> Financial Incentive (General):

• Incentives are provided based on incremental sales (Determined Sales Value) of eligible products.
• Total scheme outlay: ₹25,938 crore.- Total Incentive per entire Group company(ies) is capped at: ₹6,485 crore.

> Champion OEM Incentive Scheme:

• Incentive rates:
• Up to ₹2,000 crore: 13%
• ₹2,000–₹3,000 crore:14%
• ₹3,000–₹4,000 crore: 15%
• Above ₹4,000 crore: 16%
• Additional 2% incentive on cumulative sales exceeding ₹10,000 crore.
• Applicable to Battery Electric Vehicles and Hydrogen Fuel Cell Vehicles.

> Component Champion Incentive Scheme:

• Incentive rates:

• Up to ₹250 crore: 8%
• ₹250–₹500 crore: 9%
• ₹500–₹750 crore: 10%
• Above ₹750 crore: 11%

• Additional 2% incentive on cumulative sales exceeding ₹1,250 crore.
• Additional 5% incentive for EV and Hydrogen components.

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> 1. General Eligibility:

• The applicant must be a company registered in India.
• The applicant must meet all eligibility criteria based on audited financial statements as on 31 March 2021.

> 2. Existing Automotive Companies:

• The applicant must have:
• Minimum global revenue:
• OEM → ₹10,000 crore
• Component → ₹500 crore
• The applicant must have global investment in fixed assets:
• OEM → ₹3,000 crore
• Component → ₹150 crore

3. New Non-Automotive Investor Companies:

• The applicant must have minimum global net worth of ₹1,000 crore.
• The applicant must submit a clear business plan for investment in India.
• The applicant must generate revenue from advanced automotive products.
• The applicant must not have any revenue from automobile or component manufacturing as on 31 March 2021.

4. Investment Conditions (All Components):

• The applicant must achieve cumulative domestic investment targets starting from 1 April 2021.
• The applicant must meet yearly investment milestones.

5. Champion OEM Component Specific Eligibility:

• The applicant must manufacture advanced automotive technology vehicles.
• The applicant must ensure minimum 50% domestic value addition.
• The applicant must obtain product pre-approval from the testing agency.
• The applicant must achieve minimum sales threshold of ₹125 crore in first year.
• The applicant must achieve 10% year-on-year growth in sales.

6. Component Champion Specific Eligibility:

• The applicant must manufacture advanced automotive components.
• The applicant must ensure minimum 50% domestic value addition.
• The applicant must obtain product pre-approval.
• The applicant must achieve minimum sales threshold of ₹25 crore in first year.
• The applicant must achieve 10% year-on-year growth.

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• Online application can be submitted through the official website (Please login with your CIN as user ID).

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Step 1: The applicant must submit the application form through the prescribed process to the nodal agency.

Step 2: The applicant must ensure submission before the specified deadline.

Step 3: The application will be evaluated for eligibility and completeness.

Step 4: Acknowledgement will be issued after initial scrutiny.

Step 5: Final approval will be granted based on compliance with scheme conditions.

Step 6: Incentive claims will be submitted annually for disbursement.

> Note: Documents should be uploaded on the portal: pliauto.in

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