A dozen companies, including state-run Bharat Heavy Electricals Ltd (Bhel) and the Indian entity of Korean automaker Kia Motors, will be excluded from the production-linked incentive (PLI) scheme for automobiles and auto components, two people aware of the matter said, since these companies have made no investments under the scheme since it was launched in 2021.
Some of these companies, including Kia India Pvt. Ltd, have themselves shown their intent to relinquish benefits under the scheme as their initial plans for manufacturing under the scheme have not taken concrete shape, the persons said on the condition of anonymity.
While Kia was enlisted as a so-called champion OEM (original equipment manufacturer), Bhel was recognized as a component champion as a new non-automotive investor for components.
Bu hikaye Mint Mumbai dergisinin December 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin December 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Kick off the new year with fresh games
Despite a typical slow pace, Jan 2025 features several new game releases
CES 2025: What lies ahead in tech this year
Beyond the Al revolution, consumer tech's biggest focus is on making technology more accessible for everyone in all situations
A flagship to challenge most top smartphones in 2025
The vivo X200 Pro may emerge as the camera phone to beat in 2025. What else does the flagship have going for it?
Most favoured interpretations can prove unfavourable
India's stance on Switzerland's MFN status in a Nestle tax dispute has had adverse consequences
Monetary policy should lead the easing cycle our economy needs
Weak demand in the economy needs a response but budget tightening would mean the central bank must look for easing space
Elon Musk and His Critics Are Wrong About Free Speech on X
Both sides of this divide must read the US First Amendment again
Revision of the inflation gauge: Handle with care
India's consumer price index should be revised on the basis of the latest survey of household consumption expenditure, but with nuances of the country's situation kept well in mind
May 2025 spell climate hope after a super-warm 2024
Let's harness the negativity bias that humans are predisposed to for measures aimed at faster climate action
India Needs a Tad More Ambition and Resolve to Boost GDP Growth
We must focus on long-term fixes rather than near-term uncertainties for fast economic expansion
Insights on When to Step Back From the Stock Market
The stock surge since 2020 has made it harder to convince investors to step back if needed
