Medilytix Bureau:

Ford, Tata Motors, Suzuki, Hyundai, Kia and Mahindra & Mahindra are among the 20 companies that will be eligible for receiving incentives under the Production Linked Incentives Scheme for the automobile and auto components sector, the government said on Friday.

“The Scheme has been a huge success in terms of overwhelming response received with a proposed investment of Rs 45,016 crore from approved applicants,” the Heavy Industry Ministry stated.

As many as 20 applicants have been approved under the Champion Original Equipment Manufacturers (OEM) Incentives scheme.

These include Ashok Leyland, Eicher Motors, Ford India, Hyundai Motor India, Kia India, Mahindra & Mahindra, PCA Automobiles India, Pinnacle Mobility Solutions, Suzuki Motor Gujarat and Tata Motors Limited. This category does not include two wheelers and three wheelers.

Under incentives for two wheeler and three wheelers manufacturers, Bajaj Auto, Hero MotoCorp, Piaggio Vehicles and TVS Motor have been selected.

Firms selected under the new Non-Automotive Investor (OEM) category include Axis Clean Mobility, Booma Innovative Transport Solutions, Elest, Hop Electric Manufacturing, Ola Electric Technologies, and Powerhaul Vehicle, the Heavy Industry Ministry stated.

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