Maharashtra and Tamil Nadu Lead India's EV Revolution: PLI Scheme Boosts Manufacturing
Key Ideas
- Maharashtra and Tamil Nadu emerge as key beneficiaries of the PLI scheme for the automobile sector, with a focus on EV manufacturing.
- The PLI-Auto scheme has approved 257 manufacturing units across 17 states, showcasing widespread distribution of EV manufacturing activity in India.
- The government's initiatives also include the SPMEPCI to boost electric passenger vehicle production and the PLI-ACC scheme to promote advanced chemistry cell battery manufacturing.
- The data highlights the increasing production of EVs, particularly two-wheelers, signaling a positive growth trend in India's EV industry.
Maharashtra and Tamil Nadu have become central to India's electric vehicle revolution thanks to the Union government's Production Linked Incentive (PLI) scheme. The scheme, focusing on zero-emission vehicles like battery electric vehicles (BEVs) and hydrogen fuel cell vehicles, covers a five-year period from FY 2022-23 to FY 2026-27. With 257 manufacturing units approved across 17 states under the PLI-Auto scheme, Maharashtra leads with 77 facilities, followed by Tamil Nadu with 46. Other states like Haryana, Karnataka, and Gujarat also have a significant presence in EV manufacturing. Additionally, schemes like the SPMEPCI aim to boost electric passenger car production by offering reduced customs duties to applicants setting up local manufacturing plants. Although the PLI-Auto scheme with a ₹25,938 crore budget hasn't yet disbursed funds, it highlights the government's commitment to promoting EV manufacturing. The evolving landscape shows an increasing production of EVs, particularly two-wheelers surpassing three-wheelers. Maharashtra and Tamil Nadu's dominance in this sector showcases their capacity to attract investments and foster innovative ecosystems, positioning them at the forefront of India's EV transformation.
Topics
India
Innovation
Electric Vehicles
Manufacturing
Investments
Government Initiative
Domestic Production
Incentives
Parliament Data
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