Suzuki, Tata Motors, M&M, Bajaj among 20 cos selected under auto PLI scheme

New entrants like Hop Electric Manufacturing Private Limited, Ola Electric Technologies Private Limited have also been selected under new non-automotive investor

As many as 20 applicants have been approved under the “Champion OEM Incentive Scheme” of the production-linked incentive (PLI) scheme for India's automotive sector. Major four-wheeler manufacturers, such as Hyundai, Suzuki, Kia, Mahindra, Ford, and Tata Motors, and top two-wheeler makers Bajaj Auto, Hero MotoCorp, and TVS Motor have been shortlisted.

Recent entrants -- Hop Electric Manufacturing and Ola Electric Technologies -- have also been selected as new non-automotive investors.

The Ministry of Heavy Industries said the scheme has been a huge success in view of the overwhelming response and the Rs 45,016 crore worth of cumulative proposed investment by approved