Wednesday, August 9, 2023

Auto companies flag local value addition math under PLI

A minimum 50% domestic value addition (DVA) is a key condition for companies to qualify for subsidies under the scheme. The intention is to promote local manufacture of new technology products such as electric vehicles (EV) rather than subsidising imports.

from Auto-Industry-Economic Times https://ift.tt/AcE09zr

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India's auto component industry to hit USD 145 billion by 2030, exports to triple: NITI Aayog

NITI Aayog envisions India's automotive component production soaring to USD 145 billion by 2030, with exports tripling to USD 60 billion...