M&M, Tata Motors ride EVs to become first to win auto PLI
Hindustan Times Ranchi|January 03, 2025
Tata Motors Ltd and Mahindra and Mahindra (M&M) Ltd on Thursday became India's first automakers to secure production incentives for the automotive sector, marking a key moment for the scheme that had a tepid start.
Manas Pimpalkhare & Alisha Sachdev

NEW DELHI:

The two companies have received approval for claims worth ₹246 crore under the Production-Linked Incentive (PLI) Auto scheme, the heavy industries ministry said.

Mahindra and Mahindra's Last Mile Mobility business won approval for incentives based on sales of its electric three-wheelers, while Tata Motors received the same for the Tiago EV electric car, Starbus EV electric bus, and electric cargo vehicle Ace EV.

"The total claims from these two applicants amount to approximately ₹246 crore, which have been examined and recommended by the Project Management Agency (PMA) and subsequently approved by the Ministry of Heavy Industries (MHI)," said a statement from the ministry of heavy industries.

Bu hikaye Hindustan Times Ranchi dergisinin January 03, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Hindustan Times Ranchi dergisinin January 03, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HINDUSTAN TIMES RANCHI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Hindustan Times Ranchi

Abhi-Ash vacation together, put divorce rumours to rest

The better part of 2024 had fans speculating over the divorce of actors Abhishek Bachchan (48) and Aishwarya Rai Bachchan (51).

time-read
1 min  |
January 05, 2025
Hindustan Times Ranchi

Payal Kapadia's All We Imagine As Light Longlisted for Three BAFTA Awards

Payal Kapadia's All We Imagine As Light has been longlisted for three prestigious BAFTA awards: Best Director, Original Screenplay and Best Film Not in the English Language.

time-read
1 min  |
January 05, 2025
Hindustan Times Ranchi

Osaka into first final since 2022 ahead of Aus Open

Former world number one Naomi Osaka reached her first final since 2022 on Saturday as she swept aside unseeded American Alycia Parks at the Auckland Classic.

time-read
1 min  |
January 05, 2025
Hindustan Times Ranchi

Tennis Star Rybakina Says Ex-Coach 'Never Mistreated Me'

The 2022 Wimbledon champion Elena Rybakina said Saturday her former coach Stefano Vukov \"never mistreated me\" after reports that he has been provisionally suspended by the WTA.

time-read
1 min  |
January 05, 2025
Hindustan Times Ranchi

Resurgent Kei Nishikori Reaches First Final in Six Years

Injury-ravaged Japanese veteran Kei Nishikori reached his first final in six years when China's Shang Juncheng retired ill at the Hong Kong Open on Saturday.

time-read
1 min  |
January 05, 2025
Hindustan Times Ranchi

Pant Lights Fuse as India Lead by 145 in 'Hell of a Test'

An explosive Rishabh Pant slammed the second-fastest Indian Test half-century Saturday to drive the visitors to a 145-run lead with four wickets left after an intense day two of the decisive fifth Test against Australia.

time-read
3 dak  |
January 05, 2025
Hindustan Times Ranchi

Pegula Using US Open Final Run As Inspiration

Jessica Pegula said Saturday her run to the US Open final last year was still fresh in her mind and she is using it to drive her towards a maiden Grand Slam title at the Australian Open.

time-read
1 min  |
January 05, 2025
Hindustan Times Ranchi

Bumrah struggling with back spasm in fifth Test

India might be without captain Jasprit Bumrah for the remainder of the fifth test against Australia after he left the Sydney Cricket Ground for scans on a back problem on day two on Saturday.

time-read
1 min  |
January 05, 2025
Hindustan Times Ranchi

I'm Not Retiring, Says Rohit After Sitting Out of SCG Test

Indian test skipper Rohit Sharma said sitting out the final match of the series against Australia due to poor form does not mean he will retire, adding that critics will not decide when he should walk away from the sport.

time-read
2 dak  |
January 05, 2025
Hindustan Times Ranchi

Six Indian-Americans Sworn In As Members Of US House Of Reps

In a momentous occasion for Indian-Americans, six of their leaders on Friday were sworn in as members of the US House of Representatives, the largest so far for this minority ethnic community in the United States.

time-read
2 dak  |
January 05, 2025