Auto companies to meet PLI goals a year earlier
Tata Motors, Mahindra & Mahindra, Bajaj Auto, Ola Electric and TVS Motor Co are among the major companies that have raised claims under the scheme till now.
"Budgetary fund allocation for current fiscal is expected to be exhausted in a few months...the trend suggests there will be much higher disbursements in next two years," another senior official told ET. Budget 2025-26 earmarked ₹2,818.85 crore for disbursal under this scheme.Five automobile companies have raised claims totalling more than ₹2,000 crore for achieving the scheme's goals in FY25. Officials said ₹322 crore have been released so far for FY24.While auto companies are faring well, there are concerns about component makers not meeting goals.
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