TL;DR
Indian auto component industry is seeking PLI schemes to boost indigenous EV parts production, aiming to reduce imports and establish India as a global EV manufacturing hub.
The Indian auto component industry is proactively pursuing indigenous production of Electric Vehicle (EV) parts, with a keen eye on the government's Production Linked Incentive (PLI) schemes. This strategic focus aims to reduce import dependence, promote local value addition, and position India as a global manufacturing hub for cutting-edge automotive technology, particularly for electric two-wheelers. The move is expected to attract significant investment into research, development, and advanced manufacturing of critical EV components, strengthening the domestic supply chain, fostering innovation, and creating numerous job opportunities.
