Auto PLI scheme: Maruti, Hero among 75 firms to get govt's nod

Bharat Forge, Bosch India, CEAT, BHEL, and Ola Electric also on the list

Major automotive (auto) component manufacturers and automakers on Tuesday were shortlisted by the government for incentives under the production-linked incentive (PLI) scheme for the auto and auto components sector.

Maruti Suzuki India, Bharat Forge, Hero MotoCorp,, Bosch India, Ola Electric, BHEL are among the 75 firms approved for receiving incentives under PLI for the auto and auto components sector. CEAT and state-run Bharat Heavy Electricals, so far not engaged in auto component manufacturing, too, have been selected under the scheme.

The government expects 75 companies to invest close to Rs 29,834 crore under the Component Champion Incentive scheme. Together with the previously