Maruti, Motherson Sumi, Hero Among 75 Auto Firms Get PLI Scheme Approval

Maruti Suzuki, Hero MotoCorp, and Tata Autocomp are among the 75 companies that have received approval from the government under the Production Linked Incentive (PLI) Scheme. The PLI Scheme for the Automobile and Auto Component Industry was successful in attracting a proposed investment of Rs 74,850 crore in respect to the investment of Rs 42,500 crore in five years. Earlier, 20 applicants were approved for the Champion OEM Incentive scheme.