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PLI Auto Scheme: Boosting India's Automotive Industry

Official Press

09 Dec 2025

The Production Linked Incentive (PLI) Scheme for the Automobile and Auto Components Industry has approved 82 applicants as of November 30, 2025. The scheme, with a budgetary outlay of ₹25,938 crore, has already disbursed Rs. 1,350.83 crore in incentives to five applicants. The program aims to enhance domestic manufacturing of Advanced Automotive Technology products and foster investment in the automotive value chain. With targets for eligible sales set at Rs. 2,31,500 crore by March 2028, significant progress has been made with sales achieving Rs. 32,879 crore by September 2025. The scheme supports increased EV adoption with an emphasis on localizing the EV value chain through Domestic Value Addition requirements.

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Union Budget 2026-2027 Enhances IT Services Safe Harbour Threshold to Rs 2000 Crore

In presenting the Union Budget 2026-2027, the Union Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman, announced the enhancement of the safe harbour threshold for IT services from Rs 300 crore to Rs 2000 crore. The process for availing safe harbour will be automated, and the same can be

India Proposes ₹12.2 Lakh Crore Public Capex in FY2026-27

In the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman, India has proposed a significant public capex increase to ₹12.2 lakh crore. Key proposals include developing seven high-speed rail corridors, setting up an Infrastructure Risk Guarantee Fund, launching new Dedicated Freight Corridors, and promoting environmentally sustainable transport and

India to Launch Customs Integrated System and New Trade Policies

The Government of India is set to launch a Customs Integrated System (CIS) within two years, providing a unified platform for all customs processes. Announced during the Union Budget 2026-27, the system aims to streamline cargo clearance through advanced technology and a single digital window. Additionally, measures to support the

Union Budget 2026-27: Key Direct Tax Proposals for Simplifying Penalty and Prosecution Processes

The Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman, outlines direct tax measures aimed at simplifying penalty and prosecution processes. Key proposals include integrating assessment and penalty proceedings to reduce multiplicity, providing retrospective immunity from prosecution for non-disclosure of certain foreign assets, and converting penalties for technical defaults into

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Union Budget 2026-2027 Enhances IT Services Safe Harbour Threshold to Rs 2000 Crore

India Proposes ₹12.2 Lakh Crore Public Capex in FY2026-27

India to Launch Customs Integrated System and New Trade Policies

Union Budget 2026-27: Key Direct Tax Proposals for Simplifying Penalty and Prosecution Processes