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Budget: Big boost for auto sector PLI as FY25 allocation hiked to Rs 3,500 crore

According to the Expenditure Budget, a sum of Rs 3,500 crore has been earmarked towards the Production Linked Incentive (PLI) scheme for automobiles and auto components in the financial year beginning March

Maruti Suzuki eyes policy continuity in Interim Budget with focus on PLI and FAME schemes

Budget 2024: Maruti Suzuki anticipates the government s sustained focus on Production Linked Incentives (PLI) and the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) schemes. Shashank Srivastava, Executive Director, emphasizes the importance of policies supporting economic growth, particularly in capital investment, public spending, and infrastructure. He expects continuity in the PLI and FAME schemes, contributing to the manufacturing sector s growth.

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