The Production-Linked Incentives (PLI) scheme for the automotive sector aims to provide a impetus for a more environmentally friendly future, making the industry self-reliant and globally competitive. It is expected. Toyota kill loss car motor Said on Wednesday. 

The company, a joint venture between Toyota Motor Corporation of Japan and the Kirlo Skull Group, said the automotive industry is one of the sectors that directly benefits from PLI. electronics And advanced chemical cells (ACC).

“These measures will help create a vibrant and competitive local manufacturing ecosystem for global, advanced and green technologies, making India a strong manufacturing hub and benefits. Penetrates the entire supply chain, thereby MSME“A TKM spokesman said in a statement.

In addition, the PLI is focused on providing impetus for a more environmentally friendly future, so these will help the government achieve its rapid carbon reduction goals, the spokesman added.

Automakers that produce models like the Innova Crysta and Fortuner are also constantly moving towards more environmentally friendly technologies in their philosophy, and such measures by the government are for all the more environmentally possible in the future for all industries. He said he encourages people to bring out gentle techniques.

“As a pioneer in electrification technology, we will continue to focus on mass electrification through the localization of electrified vehicle components. The transition to a more environmentally friendly future is a transparent and easily measurable result in line with national goals. We believe that it can be promoted by policies such as taxation linked to. Carbon reduction, etc. ”

By focusing on PLI in some of the key sectors identified, the company believes the government has sought to transform India’s economy by attracting huge investments in pre- and future technologies. increase.

“This initiative promises not only to make us self-reliant, but also to make us globally competitive. These schemes are steep as the government’s huge allocations will spread over the next five years. It will give the desired boost without an urgent burden, “said a spokesman. Added.

The government has been enthusiastic about increasing transparency and leading reforms, automakers said.

As many as 115 companies have submitted applications for the following benefits: PLI scheme For the automotive and auto parts sectors. The plan for this sector was approved with a budget expenditure of Rs 25,938.