Trending News

Cabinet approves Rs 26,000 crore plan for auto sector to increase production

The government today approved a new Production-Linked Incentive (PLI) scheme of Rs 26,000 crore for the auto sector to boost production of electric vehicles and hydrogen fueled vehicles. According to government estimates, the PLI scheme will create 7.5 lakh jobs for the auto sector.

Last year, the government had announced plans for the automobile and auto components sector with an outlay of Rs 57,043 crore for a period of five years.

Back to top button