Driving a major part of India’s EV shift, the PLI Auto scheme logs ₹356.57 billion investment, ₹23.21 billion incentives, over 1.36 million EVs supported and nearly 49,000 jobs created.
India’s Production Linked Incentive (PLI) Scheme for the automobile sector has reported cumulative investments of ₹356.57 billion, incentives worth ₹23.21 billion disbursed, and close to 49,000 jobs created so far.
The initiative, designed to boost domestic manufacturing of advanced automotive Technology (AAT) products, has also supported the rapid expansion of electric mobility across multiple vehicle categories.
The PLI Auto Scheme, with a total budgetary outlay of ₹259.38 billion, covers a five-year performance period from FY 2023–24 to FY 2027–28. In the first performance year, FY 2023–24, incentive disbursements totalling ₹3.22 billion were made to four approved companies.
For FY 2024–25 to date, incentives totalling ₹19.99 billion have been disbursed to five beneficiaries. Key recipients include Tata Motors, Bajaj Auto, Mahindra & Mahindra, TVS Motor, Ola Electric, and component manufacturer Toyota Kirloskar Auto Parts, among others.
The scheme has incentivised production of 1,042,172 electric two-wheelers, 2,8,385 electric three-wheelers, 79,540 electric four-wheelers, and 1391 electric buses, taking the total incentivised electric vehicle (EV) units to 1,361,488 across FY 2023–24 and FY 2024–25.
Furthermore, A key requirement under the scheme is achieving a minimum 50 per cent domestic value addition (DVA). So far, eight original equipment manufacturers (OEMs) have secured DVA certification for 94 variants, while ten component champion applicants have received certification for 37 technology variants.
According to government data available up to 30 September 2025, cumulative determined sales under the scheme stand at ₹328.79 billion, against the five-year projection of ₹2.315 trillion. Meanwhile, employment generation has reached 48,974 jobs, compared to the total projection of 148,147 positions.
Officials emphasise that continued investments, localisation gains, and rising EV adoption will further accelerate outcomes over the remaining scheme period.
