OBJECTIVE

The scheme offers financial incentives to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain. Prime objectives of the scheme include overcoming cost disabilities, creating economies of scale, generating employment, building a robust supply chain in areas of Advanced Automotive Technology products and facilitating the Automobile Industry to move up the value chain into higher value added products.

QUANTUM OF INCENTIVE

The Scheme has a budgetary outlay of ₹25,938 crore, for incentives. Total Incentive per entire Group company(ies) is capped at ₹6,485 crore.