Tata, M&M, Bajaj Auto, TVS among 20 PLI-cleared applications

Sources indicate that applications from twenty companies across passenger vehicles, two-wheeler sector and the electric/clean mobility space have got the approval.

By Nilesh Wadhwa calendar 10 Feb 2022 Views icon25460 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Tata, M&M, Bajaj Auto, TVS among 20 PLI-cleared applications

The Centre has approved 20 applications from the automobile space for the Rs 25938 crore Auto PLI scheme. Top sources have told Autocar Professional, that the govt has approved applications from M&M, Tata Motors, Ashok Leyland, JBM Electric Vehicles, Hyundai India, Pinnacle Mobility, Suzuki Motor Gujarat, VECV, PCA Automobiles & Kia India.

Maruti Suzuki did not fulfil the criteria and withdrew application in favour of Suzuki Motor Company. Interestingly, Maruti has also applied under component PLI scheme. MG Motor met the eligibility criteria but the  selection is subject to approval under FDI policy.

In the two-wheeler segment, applications from TVS Motor, Hero MotoCorp, Bajaj Auto, Piaggio have been selected under the Auto PLI scheme. Bharat Forge, Ather Energy, Hero Electric did not meet eligibility criteria.


Govt also selected Ola Electric, Booma Innovative, Elest, Hop Electric, Axis Clean Mobility, Powerhaul vehicles under new non-automotive category.

RELATED ARTICLES
Bajaj Auto launches new Chetak 3503 at Rs 110,000

auther Autocar Professional Bureau calendar29 Apr 2025

The Chetak 3503, with a claimed range of 155km, 63kph top speed and a slower charging time than its 35 Series siblings, ...

Hyundai walks the eco talk with biogas plant, material recovery plant in Gurugram

auther Autocar Professional Bureau calendar22 Apr 2025

Operational since October 2022, the facility targets sustainable waste management in Gurugram by undertaking scientific ...

Rajiv Bajaj reappointed MD and CEO of Bajaj Auto for five-year term

auther Autocar India calendar19 Mar 2025

Bajaj Auto’s Board of Directors has approved the re-appointment of Rajiv Bajaj as the company’s MD and CEO for another f...