Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
India doubled auto PLI funding to ₹5,940 crore in 2026-27 budget, but strict rules excluded startups, sparking sector backlash.
The Union Budget 2026-27 increased the auto PLI scheme allocation to ₹5,940 crore, doubling previous funding, though it lacked bold new incentives for vehicle adoption.
Despite attracting ₹35,000 crore in investments and boosting electric vehicle production, the scheme’s strict criteria excluded startups like Ather Energy, prompting calls for a dedicated innovation window.
The budget also allocated ₹40,000 crore to electronics PLI, supporting a 146% production rise since 2021.
Overall, PLI schemes across 14 sectors total ₹1.97 lakh crore, with ₹2 lakh crore in investments and ₹18.7 lakh crore in incremental output.
The auto sector reacted negatively, with the Nifty Auto Index falling over 1% on the announcement.
India duplicó el financiamiento de auto PLI a ₹ 5,940 crore en el presupuesto 2026-27, pero las estrictas reglas excluyeron a las startups, lo que provocó una reacción negativa en el sector.