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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