PLI Scheme Boosts Auto Growth - Expert Subsidy Consultants Maximize Manufacturer Incentives

NAGPUR, India - Nov. 6, 2025 - PRLog -- The Government of India's ambitious Production Linked Incentive (PLI) Scheme for the automobile sector aims to make India Atmanirbhar by boosting local manufacturing, export promotion, and import substitution. With a massive budget allocation of ₹57,002 crore, the scheme marks a transformative opportunity for automakers and component manufacturers seeking to scale globally.

Under this initiative, automakers and suppliers will be eligible for cashback incentives between 2% and 12% of their incremental sales and export revenues, encouraging large-scale investments, innovation, and global competitiveness. The scheme is designed to attract over ₹1 lakh crore in new investments and generate close to 58.84 lakh employment opportunities over five years.

Key Highlights of the PLI Scheme for the Automobile Sector:

• Total Budget Allocation: ₹57,002 crore
• Launch Date: Announced December 31, 2020
• Sectors Covered: Vehicle and component manufacturing
• Expected Impact: ₹1 lakh crore new investments, 58.84 lakh new jobs

Four Major Plans Under the Auto PLI Scheme:

1. Vehicle Champion Scheme - For global standard vehicle manufacturing.
2. Component Champion Scheme - To boost high-quality auto parts manufacturing.
3. Global Sourcing Scheme - Encouraging export-oriented production.
4. Production Linked Incentive Scheme - Linking financial incentives directly to incremental sales and exports.

Strategic Shift in Incentive Criteria:
The Ministry of Heavy Industries and Public Enterprises and the Commerce Ministry are reportedly aligning incentives with incremental export revenue instead of total revenue, promoting stronger export linkages. Additionally, the revised framework may redefine "long-distance exports" to 2,500 km, covering key markets in Asia and Africa.

Why Partner with a PLI Subsidy Consultant for Automobile Sector (https://finraja.com/pli-scheme-for-automobile-and-auto-se...):
Navigating the compliance, documentation, and eligibility under the PLI scheme can be complex. A PLI subsidy consultant for the automobile sector helps manufacturers:

• Identify eligible products and units under the scheme.
• Prepare and submit detailed project reports and financial projections.
• Maximize claimable subsidies under each incentive plan.
• Stay compliant with changing policy norms and reporting frameworks.

About Finraja Consultancy:
Finraja Consultancy is one of India's leading PLI subsidy consultants for the automobile sector, offering end-to-end advisory for government incentive schemes, industrial policy benefits, and financial grants. With deep expertise in PLI schemes, we assist automotive OEMs, component makers, and allied industries in securing maximum eligible incentives under the Government's Atmanirbhar Bharat vision.

Media Contact:
Phone: +91 9373114747
Website: www.finraja.com