Context :
Extract:
PLI
Scheme: Cos Invest 13K cr to produce Green Vehicles, Parts
Extract:
The Indian government has given the
green light to the Production Linked Incentive (PLI) scheme aimed at boosting
the country's auto industry.
This scheme
targets the advancement of electric vehicles and fuel-efficient automobiles.
The government predicts that over the next five years, this initiative could
result in the production of an additional 2.3 million vehicles, potentially
creating more than 750,000 new job opportunities.
In a bid to
support the growth of electric mobility and cutting-edge auto parts
manufacturing technologies, the PLI scheme intends to encourage the production
and export of electric vehicles, hydrogen-fuel cell cars, and sophisticated
auto components.
Various
components like high-voltage connectors, charging ports, hydrogen fuel cells,
and advanced electronic parts are expected to be incentivized under this
scheme.
My Take:
DEAR
SHRI GADKARIJI : THIS IS YOUR CHANCE TO MAKE INDIA, WORLD LEADER IN ELECTRIC
VEHICLES…….23/11/2023
"The PLI
scheme for the auto sector, as proposed two years ago, aligns perfectly with
the recent government initiatives to boost electric vehicle production.
My
recommendations regarding incentives for manufacturers to adopt advanced
technologies and not just buyers receiving subsidies are now coming to
fruition.
The focus on
Lithium-ion batteries and the necessity to reduce barriers for EV
commercialization are steps in the right direction as seen in the current PLI
scheme."
LIGHT,
CAMERA, ACTION……14/09/2021
"The
recent approval of the PLI scheme underscores the importance of incentivizing
technological advancements in the auto sector.
The emphasis
on promoting the production and export of electric vehicles and cutting-edge
auto parts aligns with my earlier suggestions for tax incentives to drive
innovation and development in the electric mobility ecosystem.
The inclusion
of components like electronic power steering systems and driver monitoring
technologies mirrors the forward-looking approach advocated in the current
scheme."
Call to Action:
To the policymakers and industry
stakeholders involved in the PLI scheme for the auto sector, I urge you to
continue focusing on innovation and sustainability.
Encouraging
the development and adoption of electric vehicles and advanced auto parts is
crucial for a greener and more efficient automotive industry.
Let's
collaborate to realize the full potential of these initiatives and drive the
nation towards becoming a global leader in electric mobility.
With regards,
Hemen Parekh
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