The Indian government's production-linked incentive (PLI) scheme for the automobile and auto components industry in New Delhi has shown promising results. With an investment of Rs20,715 crore and incremental sales of Rs10,472 crore as of September, the scheme has received significant interest from industry players. The Ministry of Heavy Industries reported that out of 115 applications received, 82 were approved, paving the way for an estimated investment of Rs42,500 crore and incremental sales of Rs2,31,500 crore. Over the next five years, the scheme is projected to create 1.4 lakh jobs. The PLI scheme, with a budgetary outlay of Rs 25,938 crore, is designed to boost India's manufacturing capabilities for advanced automotive technology (AAT) products. By offering incentives of 13-18% for electric vehicle and hydrogen fuel cell components, and 8-13% for other AAT components, the government aims to drive innovation and competitiveness in the sector. The scheme, spanning from FY 2023-24 to FY 2027-28, will have incentive disbursements from FY 2024-25 to FY 2028-29, indicating a long-term commitment to industry growth and technology advancement.