New Delhi, 15 September 2021

As per news report of NDTV, the PLI scheme will generate as many as 7.5 lakh jobs for the auto sector, as per government estimates. Last year, the government had announced the scheme for the automobile and auto components sector with an outlay of Rs. 57,043 crore, for a period of five years. The Cabinet has reduce the scheme for the sector to Rs. 25,938 crore to shift focus on hydrogen fuel vehicles and electric vehicles.  The auto component segments that are covered under the PLI scheme include electronic power steering system, automatic transmission assembly, sensors, sunroofs, supercapacitors, adaptive front lighting, tyre pressure monitoring system, automatic braking, tyre pressure monitoring system, and collision warning system.

Source - NDTV

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