India's PLI schemes draw over ₹44,000 cr in auto investment and approve 24 textile firms in Maharashtra

The Production Linked Incentive (PLI) scheme for the automotive and auto‑component sector has attracted cumulative investments of ₹44,326 crore, exceeding its target of ₹42,500 crore. Under the scheme, 463 public electric‑vehicle charging stations have become operational in West Bengal through approvals granted to Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum under the FAME‑II programme. No formal assessment has been made of the adequacy of the charging network, and no financial assistance under the PM‑E‑Drive plan has yet been disbursed to the state.

In the textile sector, the government’s Production Linked Promotion Scheme has approved a total of 170 companies nationwide, including 24 companies in Maharashtra. These Maharashtra firms have committed to invest ₹167.51 crore by 31 March 2026. The scheme was revised in October 2025 to add 17 new HSN codes for MMF apparel and fabrics, lower the minimum investment threshold by 50 %, and reduce the incremental turnover criterion for incentives from 25 % to 10 %.