The Ministry of Heavy Industries in India has approved 82 applications out of 115 received under the PLI Scheme for the auto components industry and automobiles. The scheme is expected to attract investments worth Rs 42,500 crore and generate incremental sales of Rs 2,31,500 crore, creating 1.4 lakh jobs over five years. Additionally, the FAME-II Scheme, operational since 2019, focuses on promoting electric mobility by incentivizing various categories of electric vehicles and supporting EV charging infrastructure. The PM E-DRIVE Scheme, launched to foster green mobility and develop the EV manufacturing ecosystem, has a substantial budget allocation for initiatives like subsidies, e-bus procurement, and fast charger installations. Furthermore, schemes like SMEC and PM e-Bus Sewa aim to boost domestic value addition and ensure payment security for OEMs/operators in e-bus procurement. The government has also introduced a PLI scheme for setting up Advanced Chemistry Cell battery storage facilities in India, with the goal of enhancing manufacturing capabilities in the country and attracting both domestic and international players to establish competitive ACC battery setups.