Bajaj Auto, TVS Motor to gain from export incentives under PLI scheme

May outperform Hero MotoCorp on higher export demand

Two-wheeler exporters Bajaj Auto and TVS Motor are expected to be the key beneficiaries of the production-linked incentive (PLI) scheme for the auto sector. At Rs 57,000 crore, the sector could corner the largest chunk of the incentive, accounting for 29 per cent of the Rs 2-trillion package across sectors.

While the government has announced details of the scheme for the pharma and the electronics sectors, it is expected to roll out the package for the auto sector shortly. 

Automakers with overall revenues above Rs 10,000 crore and export revenues exceeding Rs 1,000 crore would be eligible for benefits. Incentives range from