Business Standard

Five firms make the PLI cut to manufacture hydrogen-powered vehicles

Ashok Leyland, Eicher, Pinnacle, Tata, and Booma get the nod


Representational image (Photo: Bloomberg)

Nitin Kumar New Delhi
The government selected five companies -- Ashok Leyland, Eicher Motors, Pinnacle Mobility, Tata Motors, and Booma Innovative – for manufacturing hydrogen fuel cell electric vehicles under the Rs 25,938-crore production-linked incentive scheme for the automobile and auto component industry (PLI-Auto), Minister of State for Heavy Industries Krishan Pal Gurjar has informed the Lok Sabha. 

“Several automobile companies have expressed their interest to set up their manufacturing units and invest in India for hydrogen fuel cell-powered automobiles. So far, five companies have been approved under the PLI Auto scheme,” Gurjar said in a written reply on Tuesday.  

The five original equipment manufacturers (OEMs)

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First Published: Mar 22 2023 | 8:12 PM IST

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