Why the auto PLI scheme will not bring early revival to the sector

The automobile sector is in reverse gear, according to sales data. Also, it is likely to face headwinds for a while. In that context, the production-linked incentive scheme should have come as a boon for the business. But experts say don’t hold your breath on that hope yet. The auto sector seems to be running out of gas even before the pandemic began. Growth in the automobile industry has largely remained stagnant for a while now. In 2019, the