The Ministry of Heavy Industries on Monday announced the extension of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendments .
This decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS). In pursuance of the approval of EGoS, the Ministry of Heavy Industries has made partial amendments in the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Component Industry and Guidelines of the Scheme.
The Central government has revised, from June 1, the FAME II subsidy scheme for two-wheelers as manufacturers were not adhering to the localisation norms
While they are powered by electricity, their new prices are giving shocks to the prospective buyers.The Central government has revised, from June 1, the FAME II subsidy scheme for two-wheelers with the subsidy element which was as high as 40 .
The Ministry of Heavy Industries on Friday announced reduction in FAME II subsidy for electric two-wheelers to Rs 10,000 per kWh from Rs 15,000 along with cutting the cap on the maximum subsidy on vehicle's ex-factory price to 15% from 40%
Ministry of Heavy Industries on Thursday announced the release of standard operating procedures (SOPs) under the Production Linked Incentive (PLI) Auto scheme to testing agencies which aims to promote local manufacturing and reduce dependence on imports, thereby boosting the Indian economy, the government in a release said.