Tata Motors, Mahindra & Mahindra, and three other auto giants are set to claim more than ₹2,000 crore under India’s PLI scheme, reflecting major progress in EV and auto-tech production.
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Tata Motors, Mahindra Among Top Claimants in ₹2,000 Cr PLI Round
India’s top automobile manufacturers are gearing up to file PLI (Production Linked Incentive) claims worth over ₹2,000 crore in the current financial year. Companies like Tata Motors, Mahindra & Mahindra (M&M), Bajaj Auto, Ola Electric, and TVS Motor Company are leading the charge in the government-backed initiative to boost domestic manufacturing in electric vehicles and advanced automotive components.
The move signals rising confidence in India’s auto industry and aligns with the government’s push for self-reliance in clean and connected mobility.
Company-Wise PLI Estimates
As per internal estimates, here’s how the ₹2,000+ crore in PLI claims may be distributed:
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Bajaj Auto – Around ₹630 crore
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Tata Motors – Around ₹409 crore
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Ola Electric – Around ₹380 crore
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TVS Motor Company – Around ₹330 crore
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Mahindra & Mahindra – Around ₹283 crore
These numbers reflect strong production growth and localization of EV components, qualifying the companies under the scheme’s performance thresholds.
What Is the PLI Scheme?
The PLI scheme for the automobile and auto component sector was launched to reward companies for achieving specific production milestones. With a total budget outlay of ₹25,938 crore, the scheme targets manufacturers investing in battery electric vehicles, hydrogen fuel cells, automotive sensors, semiconductor components, and other emerging technologies.
This is the second round of disbursements after FY2023–24 saw initial payouts. With claims increasing, it indicates momentum is building around India’s EV ecosystem.
A Boost for the Domestic Auto Industry
The PLI payouts are expected to:
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Encourage deeper localization of key EV components
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Support investments in clean and green mobility solutions
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Create high-skilled jobs in manufacturing and R&D
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Strengthen India’s export readiness in automotive tech
Though the current claims are large, they still fall short of the scheme’s full yearly budget, leaving scope for more players to join or scale up.
What’s Next?
Industry insiders suggest this round of PLI claims will help fast-track EV production capacities, bring in better infrastructure for battery manufacturing, and build stronger supply chains. Automakers are now working on their next phase of production expansion to secure even larger incentives in the coming years.
