The government expects to disburse about ₹4,000 crore this fiscal year under the production-linked incentive scheme for automobile and auto components (Auto-PLI). These sops would be given to eligible companies for achieving incremental sales in FY26.Officials said Bajaj Auto has already received about ₹750 crore under the scheme this fiscal. The claims were settled last week."Bajaj Auto is the first to raise claims and get the incentive this fiscal," a senior official told ET, adding the sops are against incremental sales of around ₹6,000 crore achieved by the company.In an August 2024 statement, the Pune-based company said it secured approval for 13 vehicles under Auto-PLI. This included both two- and three-wheelers, with Bajaj Auto claiming to meet the scheme's domestic value addition criteria.The FY27 budget earmarked ₹5,939.87 crore, a nearly threefold jump from ₹2,091.26 crore last fiscal.The scheme was approved in September 2021 with a ₹25,938 crore budgetary outlay. Incentives were to be disbursed for meeting incremental production, investment, and DVA goals, among others from 2023-24 onwards.Last December, the heavy industries industry estimated sales worth ₹32,879 crore were achieved by beneficiaries of the Auto-PLI scheme.Responding to a query in the Parliament, minister of state for heavy industries, Bhupathiraju Srinivasa Varma said ₹1,350.83 crore was disbursed to five applicants.Read more at:https://economictimes.indiatimes.com/news/economy/finance/auto-pli-disbursals-to-reach-rs-4000-crore-in-fy27/articleshow/132840947.cms (ICE MUMBAI)

Fonte notizia: The Economic Times