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New Delhi: As a serious reduction for automakers, the Union Cupboard on Wednesday authorised INR 26,000 crore production-linked incentive (PLI) scheme for the auto sector, a transfer to spice up home manufacturing and to create jobs.
The scheme may also intention to bolster the manufacturing of electrical automobiles and hydrogen gas automobiles within the county, apart from producing greater than 7.5 lakh jobs.
Element segments that might be coated underneath the scheme embrace automated transmission meeting, digital energy steering programs, sensors, supercapacitors, sunroofs, adaptive entrance lighting, automotive braking, tyre strain monitoring system, and collision warning system.
Final yr, the federal government had introduced the scheme for the auto and auto parts sector with an outlay of INR 57,043 crore, for a interval of 5 years. The Cupboard has slashed the scheme for the sector to INR 25,938 crore to shift deal with hydrogen gas automobiles and electrical automobiles.
The PLI scheme for the auto sector is a part of the general production-linked incentives introduced for 13 sectors within the Price range 2021-22 with an outlay of INR 1.97 lakh crore.
(It is a growing story. Please come again for extra data.)
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