{"id":436928,"date":"2021-09-20T08:39:02","date_gmt":"2021-09-20T03:09:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=436928"},"modified":"2021-09-20T09:16:35","modified_gmt":"2021-09-20T03:46:35","slug":"pure-play-electric-two-wheeler-firms-may-fail-to-ride-auto-pli-scheme","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pure-play-electric-two-wheeler-firms-may-fail-to-ride-auto-pli-scheme\/","title":{"rendered":"Pure-play electric two-wheeler firms may fail to ride auto PLI scheme"},"content":{"rendered":"<p>The government&#8217;s newly-minted productivity-linked incentive (PLI) scheme for the automotive sector has left pure-play electric two-wheeler firms, including start-ups, disappointed. The policy structured for the big players leaves start-ups out of its ambit, making it \u201cnon-inclusive&#8221;, rued executives at these companies.<\/p>\n<p>The stiff criterion regarding annual revenues and fixed asset block for eligibility means only large existing auto companies or a new entrant with a financial muscle will benefit, they claimed.<\/p>\n<p>Automobile original equipment manufacturers (OEMs) must have a minimum revenue of Rs 10,000 crore with a fixed asset block of Rs 3,000 crore to be eligible as automotive champions. Two-wheeler players also have to invest Rs 1,000 crore in five years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government&#8217;s newly-minted productivity-linked incentive (PLI) scheme for the automotive sector has left pure-play electric two-wheeler firms, including start-ups, disappointed. The policy structured for the big players leaves start-ups out of its ambit, making it \u201cnon-inclusive&#8221;, rued executives at these companies. The stiff criterion regarding annual revenues and fixed asset block for eligibility means only large existing auto companies or a new entrant with a financial muscle will benefit, they claimed. Automobile original equipment manufacturers (OEMs) must have a minimum revenue of Rs 10,000 crore with a fixed asset block of Rs 3,000 crore to be eligible as automotive champions. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-436928","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/436928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=436928"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/436928\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=436928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=436928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=436928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}