India, Dec. 31 -- The Government of India has issued a release:
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Name of Applicant
Category
Incentive Disbursed in FY2024-25
Incentive Disbursed in FY2025-26
1
Tata Motors Ltd.
OEM
142.13
403.18
2
Bajaj Auto Ltd.
OEM
-
625.65
3
Mahindra & Mahindra Ltd.
OEM
104.08
283.82
4
TVS Motor Co.
OEM
-
320.51
5
Ola Electric Tech
OEM
73.74
366.78
6
Toyota Kirloskar Auto Parts Pvt. Ltd.
Component
2.05
-
Total
322
1,999.94
Category of Vehicle
Units Incentivised
Units Incentivised
Total Units Incentivised
e-2w
41,758
10,00,414
10,42,172
e-3w
23,486
2,14,899
2,38,385
e-4w
11,314
68,226
79,540
e-bus
280
1,111
1,391
Total
76,838
12,84,650
13,61,488
S. No.
Vehicle Company
Vehicle Model/Variant
No. of Variants
1
Mahindra & Mahindra Ltd.
Treo, Treo Zor, Zor Grand & Zeo V1, XEV 9e One, Udo ST
22
2
Tata Motors Ltd.
Tiago, Punch, Tigor, Nexon.EV, Ace & Starbus/ Ultra Urban, Tata Harrier.EV
20
3
Bajaj Auto Ltd.
Maxima Cargo, RE E-Tec 9.0 & Chetak, Gogo
25
4
TVS Motor Company Ltd.
iQube/ Orbiter, King ep4
8
5
Ola Electric Technologies Pvt. Ltd.
S1 Air/ Pro/ X/X+/Pro+
12
6
Eicher Motors Ltd.
Skyline Pro/ Pro X
3
7
Pinnacle Mobility Solutions Pvt. Ltd
EKA T1/ T2 900 (bus)
3
8
Hero Motocorp Ltd.
VIDA V2 pro
1
Total
94
S. No.
Component Company
Component name
No. of Variants
1
Toyota Kirloskar Auto Parts
Trans-axle
2
2
Delphi-TVS Technologies
Pump for CRDI
7
3
Sona BLW Precision Forgings
Wheel rim integrated with Hub Motor & Traction Motor
11
4
Bosch Automotive Electronics India Pvt. Ltd.
Wheel rim integrated with Hub Motor
2
5
Dana TM4 India Pvt. Ltd.
Traction Motor
1
6
Tata Autocomp Systems Limited
Dual Clutch Transmission
1
7
UNO Minda Limited (Formerly-Minda Industries Limited)
Angle Encoder/ On-board Chargers
4
8
Varroc Engineering Private Limited
Engine Management System
7
9
Napino Auto and Electronics Limited
Engine Management System
1
10
Cummins Technologies India Pvt. Ltd.
Urea Dosing and Supply Module for BS VI
1
Total
37
Parameter
Projected for 5 Years
Actual (Cumulative)
Investment
Rs. 42,500 crore
Rs. 35,657 crore
Incremental Sales (Base Year FY2019-20)
Rs. 2,31,500 crore
Rs. 32,879 crore
Employment
1,48,147
48,974
Incentive Disbursement
Rs.25,938 crore
Rs.2,321.94 crore*
(Sales for FY2023-24)
(Sales for FY2024-25)
(Cabinet Projection)
till Sep'25
Production Linked Incentives-Auto Scheme(PLI Auto) has been introduced in India to enhance the country's manufacturing capabilities in Advanced Automotive Technology (AAT) products. The scheme has a total budgetary outlay of INR 25,938 crore and covers a performance period of five years, from FY 2023-24 to FY 2027-28.
Annexure
Table 1. Incentive Status (Rs. crore)
Table 2. Units Incentivised
Table 3: DVA Status: Champion OEM
Table 4: DVA Status: Component Champion
Table 5: Scheme Performance as on 30/09/2025
* Cumulative incentive amount disbursed as of 31st December 2025.
Disclaimer: Curated by HT Syndication.
