How to Apply for PLI Scheme for Automobile and Auto Components — 8% to 16% Incentives

Every application goes first to the Project Management Agency (PMA), which screens and evaluates it in detail. That assessment covers compliance with the specified eligibility criteria, the applicant's financial standing, its investment commitments and its business plan for Advanced Automotive Technology manufacturing.

After the assessment, the PMA formulates its recommendations for approval and submits them through the proper channels to the Ministry of Heavy Industries (MHI), which makes the final decision. In doing so, MHI may give preference to applicants that commit to front-loading their investment during the scheme period, as judged by the Net Present Value (NPV) of the proposed investment.

MHI is expected to consider and finalise applications within 60 days from the date of submission or from receipt of any clarifications it has asked for. Once approval is granted, the PMA issues a formal approval letter to the selected applicant within 5 working days.