India's auto PLI scheme hits ₹2,000cr milestone—what's in it for the industry?
India just hit a big mark by disbursing ₹2,000cr under its auto PLI scheme in the current fiscal year (FY26).
Started in 2021 with a five-year budget of nearly ₹26,000cr, the plan is all about ramping up local manufacturing.
Big names like Tata Motors, Mahindra & Mahindra, and Ola Electric are among those cashing in.
There's even more money—another ₹40-50cr—set to roll out by early 2026.
Investments fuel green vehicles and homegrown tech
The scheme has already sparked over ₹35,000cr in investments, pushing India closer to its target and giving a major boost to zero-emission vehicles and local supply chains.
Out of 82 companies picked for the program, 18 have nailed the required investment and "make-in-India" goals (think at least half of each vehicle made locally).
The government is also holding companies accountable—10 firms that missed their targets could lose their bank guarantees.