Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry
Ministry: Ministry of Heavy Industries
Department: Department Of Heavy Industry
The scheme offers financial incentives to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain.
About This Scheme
Benefits
₹250
₹250–₹500 crore: 9%
₹500
₹500–₹750 crore: 10%
₹750.0 Cr
Above ₹750 crore: 11%
> Financial Incentive (General):
Incentives are provided based on incremental sales (Determined Sales Value) of eligible products.
₹25938.0 Cr
Total scheme outlay: ₹25,938 crore.- Total Incentive per entire Group company(ies) is capped at: ₹6,485 crore.
> Champion OEM Incentive Scheme:
Incentive rates:
₹2000.0 Cr
Up to ₹2,000 crore: 13%
Incentive rates:
₹250.0 Cr
Up to ₹250 crore: 8%
₹2.0K
₹2,000–₹3,000 crore:14%
₹3.0K
₹3,000–₹4,000 crore: 15%
₹4000.0 Cr
Above ₹4,000 crore: 16%
₹10000.0 Cr
Additional 2% incentive on cumulative sales exceeding ₹10,000 crore.
Applicable to Battery Electric Vehicles and Hydrogen Fuel Cell Vehicles.
> Component Champion Incentive Scheme:
₹1250.0 Cr
Additional 2% incentive on cumulative sales exceeding ₹1,250 crore.
Additional 5% incentive for EV and Hydrogen components.
Required Documents
- ✦Import Export Code (IEC) Registration Certificate
- ✦Letter of Authorization by Board of Directors or Managing Director or Equivalent (incl. subsidiary(ies))
- ✦Certificate of Incorporation (Issued by ROC)
- ✦Memorandum & Articles of Association (Submitted to ROC)
- ✦PAN Card
- ✦Certificate from the Company Secretary of the Applicant / Managing Director for Credit History (incl. subsidiary(ies))
- ✦CIBIL Report of the Company (incl. subsidiary(ies))
- ✦Business Profile/ Corporate Presentation of the Applicant (incl. subsidiary(ies))
- ✦GST Registration Certificate (incl. subsidiary(ies))
- ✦Shareholding Pattern (Latest submitted with ROC and certified by Company Secretary of the company or, in case the applicant does not have any Company Secretary', by the Managing Director) (incl. subsidiary(ies))
- ✦Profile of Directors
- ✦Self-Certification on:
- ✦> EAMC - Global group revenue from automotive and/or auto component manufacturing and Global
- ✦Investment in fixed assets (gross block), > NNIC - Global net worth, including break-up details, especially for major/ indian entities. Major products considered shall also be mentioned.
- ✦Annual Report of Holding Company
- ✦Self-Certification on Revenue/ Investment/ Net worth from each of the Group Companies whose credentials have been considered
- ✦Annual Report of Applicant for 2018-19
- ✦Annual Report of Applicant for 2019-20
- ✦Annual Report of Applicant for 2020-21
- ✦Financial Details of Subsidiary(ies)
- ✦Annual Report of Subsidiary(ies) for 2018-19
- ✦Annual Report of Subsidiary(ies) for 2019-20
- ✦Annual Report of Subsidiary(ies) for 2020-21
- ✦Self-Certificate mentioning Baseline Eligible Sales Value of Eligible products covered under the List of Advanced automotive technology products (Vehicles and Components) as per clause 15 of the scheme guidelines - for Financial Year 2019-20 -for applicant & subsidiary(ies).
- ✦Project Report/ Business Plan (incl. for Subsidiary(ies))
- ✦Application Fee Payment Proof
- ✦Regulatory Treatment
- ✦a. Provide information on Licenses, permits and thirdparty approvals necessary to execute the project as per format attached here with
- ✦b. Proposed process and timelines for obtaining clearances Undertaking for consent of audit/ verification (incl. Subsidiary(ies))
- ✦Integrity Undertaking (Format A)
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- Central Government
- Max benefit
- ₹25938.0 Cr
- Launched
- 23 Sept 2021