The Ministry of Heavy Industries announced today the release of Standard operating procedures (SOPs) under the PLI Auto scheme to testing agencies.
With this, the applicants under the scheme can now submit their applications for the testing and certification of advanced automotive technology products (OEMs and components), which will help them qualify for incentives under the PLI Auto scheme. Speaking after the announcement, Union Minister of Heavy Industries, Dr. Mahendra Nath Pandey said, the Ministry is trying to align itself with the Prime Minister’s vision of Aatmanirbhar Bharat. He added that these SOPs will help to increase the manufacturing foothold.
The Minister also remarked that the Ministry aims to boost the domestic manufacturing sector and reduce dependence on imports and create more job opportunities.
The Ministry of Heavy Industries (MHI) notified the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India on 23 September 2021, with a budgetary outlay of 25,938 crore rupees. The scheme has two parts, Champion OEM, which will make electric or hydrogen-powered vehicles, and Component Champions, which will make high-value and high-tech components.