India s automobile sector is expected to see a surge in apprentice recruitment, with a growth rate of 70-80%. The extension of the Production-Linked Incentive (PLI) scheme for the automotive sector is a significant factor contributing to this growth. The stipend for apprentices is expected to range from Rs 12,500 to Rs 13,300 per month.
Auto Sector Demand Surge Recruitment: One of the significant factor contributing to this growth is the extension of the Production-Linked Incentive (PLI) scheme for the automotive sector. Originally scheduled to run from 2022-23 to 2027-28, this scheme s extension promises to usher in a new era of growth and increased employment opportunities within the sector.
We list all the approved beneficiaries for India's PLI Scheme for Automobile and Auto Component Industry and explain how the scheme will be implemented.