Experts believe that since the auto industry is dependent on essential commodities like copper and silicon, the crisis will have a short-term impact on the sector.
As many as 115 companies have filed applications to seek benefits under the production linked incentive (PLI) scheme for automobile and auto component sector, the heavy industries ministry said on Monday. The scheme was notified on September 23, 2021. The scheme was open for receiving applications till January 9, 2022. Incentives are applicable under the scheme for determined