About this scheme
PLI for Automobile and Auto Components — Champion OEM + Component Champion tracks. Focus on Advanced Automotive Technology (AAT) — EV, hydrogen, advanced infotainment. Incentive 8-18%.
What you get
- 13-18% incentive on AAT vehicles
- 8-13% on AAT components
- 5-year incentive window
- Additional 5% on battery EVs vs ICE comparable
- Tax-free incentive
- Stacks with FAME-II EV subsidy
Who qualifies
OEMs and Tier-1 component manufacturers committing Rs. 250-1,000 Cr+ investment in AAT products. Eligible: EV passenger cars, EV 2W/3W, fuel cells, ADAS, battery management.
Industries (NIC divisions)
Motor vehiclesOther transport
Business types
Private LimitedPublic Limited
Available across India (central scheme).
How to apply
- 1Apply during Heavy Industries Min open window
- 2Submit AAT product portfolio
- 3Selection by Inter-Ministerial Committee
- 4Sign MoU + commission plant
- 5Annual production audit by SIAM
- 6Disbursement post-audit clearance
Key terms and conditions
- Minimum 50% Domestic Value Addition by Year 5
- Annual production + R&D milestones
- 5-year continuity
- Penalty if DVA targets missed
What disqualifies you
- ICE-only vehicles excluded
- CKD/SKD assembly excluded
- Importing & rebadging excluded
Documents typically required
- Investment commitment
- Product certifications
- Bank funding plan
- Annual production audit
The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.