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Auto trade physique SIAM on Thursday termed as “broad-based and well-structured throughout themes” the federal government’s checklist of superior automotive know-how (AAT) elements that might be eligible for incentives beneath the manufacturing linked incentive scheme for the auto sector.
In a notification, the Ministry of Heavy Industries listed over 100 AAT elements — together with hydrogen gasoline cells, hydrogen injection system, electrical motors for EVs, grasp management unit for to optimise the efficiency of CNG fuelled engine, light-weight cryogenic cylinders for storing LNG in vehicles and gasoline pump for Gasoline Direct Injection (GDI) — which might be eligible for incentives beneath the scheme.
“SIAM thanks and compliments the Ministry of Heavy Industries for popping out with a structured checklist of PLI elements and procedural particulars in a really brief time,” Society of Indian Vehicle Producers Chief Engagement Officer Rahul Bharti mentioned in a press release.
He additional mentioned, “Our preliminary commentary is that the checklist of AAT elements is broad-based and well-structured throughout themes.” SIAM members will examine intimately each the checklist and the process and talk about with the ministry with suggestions if any, Bharti added. As per the notification by the ministry, battery-electric quadricycles may even be eligible for incentives beneath the scheme.
In September, the Union Cupboard had authorized a Rs 26,058 crore manufacturing linked incentive (PLI) scheme for auto, auto-components and drone industries to reinforce India’s manufacturing capabilities.
The federal government had said that the scheme can be supplied to firms engaged in manufacturing of Superior Automotive Know-how merchandise equivalent to battery electrical automobiles, which meet the 7 of 16 efficiency standards of the FAME-II scheme and hydrogen gasoline cell automobiles can be eligible.
It had mentioned that the AAT elements can be notified individually.
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