PLI Scheme for Automobile & Auto Components — ₹6,485Cr Incentives — Frequently Asked Questions
Answers to the questions founders most often ask about PLI Scheme for Automobile & Auto Components — ₹6,485Cr Incentives — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry?
This is a Central Government scheme by the Ministry of Heavy Industries that offers financial incentives to automobile and auto component manufacturers for producing advanced automotive technology products. It aims to boost domestic manufacturing, attract investment, and make India a global hub for advanced automotive technologies.
How much funding is offered?
The total incentive a group of companies can receive is capped at ₹6,485 crore. The overall scheme outlay is ₹25,938 crore. Incentive rates vary from 8% to 16% based on the scheme component and sales value.
What is the application deadline?
The scheme is rolling and always open, meaning applications can be submitted at any time. However, ensure submission before any specific deadlines communicated by the nodal agency.
Who is eligible to apply?
Applicants must be companies registered in India. Existing automotive companies need to meet minimum global revenue and fixed asset investment thresholds (₹10,000 crore revenue and ₹3,000 crore investment for OEMs; ₹500 crore revenue and ₹150 crore investment for component makers). New non-automotive investors must have a net worth of at least ₹1,000 crore and no prior revenue from automobile or component manufacturing as on 31 March 2021.
What are the specific eligibility criteria for Champion OEM applicants?
They must manufacture advanced automotive technology vehicles, ensure at least 50% domestic value addition, obtain product pre-approval, achieve minimum sales of ₹125 crore in the first year, and maintain 10% year-on-year sales growth.
What are the specific eligibility criteria for Component Champion applicants?
They must manufacture advanced automotive components, ensure at least 50% domestic value addition, obtain product pre-approval, achieve minimum sales of ₹25 crore in the first year, and maintain 10% year-on-year sales growth.
Is DPIIT or MSME registration required?
The provided facts do not mention any requirement for DPIIT or MSME registration, so this is not a stated prerequisite.
Does the scheme take equity?
No, the scheme provides financial incentives as subsidies, not equity investments. It is non-dilutive.
What documents are typically needed?
Applicants must upload supporting documents including audited financial statements, business plans, and investment proofs on the official portal.
How and where to apply?
Applications can be submitted online through the official portal at https://pliauto.in/ using the company's CIN as user ID. Alternatively, offline applications can be submitted by sending the prescribed form to the nodal agency.
Who offers PLI Scheme for Automobile & Auto Components — ₹6,485Cr Incentives?
PLI Scheme for Automobile & Auto Components — ₹6,485Cr Incentives is offered by Ministry of Heavy Industries, a government body. It is provided as non-dilutive funding.
How do I apply for PLI Scheme for Automobile & Auto Components — ₹6,485Cr Incentives?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
← Back to PLI Scheme for Automobile & Auto Components — ₹6,485Cr Incentives overview