Advancements in Electric Vehicles: Mahindra & Tata Motors Secure ₹246 Crore in Incentives

New Delhi- Recently, the Ministry of Heavy Industries in India approved claims for Mahindra & Mahindra and Tata Motors. The total amount approved is ₹246 crore. This was part of the Production-Linked Incentive (PLI) scheme, which has a budget of ₹25,938 crore. The PLI scheme is meant to support the production of new automotive technology products in India. It aims to boost local manufacturing, enhance the supply chain, and encourage eco-friendly and sustainable vehicles.