Tata Motors, Mahindra, and Ola Electric are eying a bonanza as they take the lead in availing benefits under the government’s production-linked incentive (PLI) programme. These sops are a sweetener for the three already benefiting from the ongoing Faster Adoption & Manufacturing of Electric Vehicles in India (FAME India) scheme, valid till March 2024.
Two officials aware of the programme implementation confirmed to ET that these companies stand to gain from both the Auto PLI sops and FAME-II incentives. “Eligible sales made till March 2024 will be subsidised under FAME-II as well,” the officials said.
