Govt selects five firms for PLI to manufacture hydrogen-powered vehicles

New Delhi, Mar 23 (KNN) Five major companies Ashok Leyland, Eicher Motors, Pinnacle Mobility, Tata Motors, and Booma Innovative have been chosen for manufacturing hydrogen fuel cell electric vehicles under the Rs 25,938-crore production-linked incentive (PLI) scheme.

This was informed by Minister of State for Heavy Industries Krishan Pal Gurjar in the Lok Sabha.

In a written reply, he said that several automobile companies have expressed interest to set up their manufacturing units and invest in India for hydrogen fuel cell-powered automobiles.

“So far, five companies have been approved under the PLI Auto scheme,” he said.

The five original equipment manufacturers (OEMs) are part of the Ministry of Heavy Industries’ (MHI’s) 20 approved applicants for its Champion OEM Incentive scheme.

The Rs 25,938 crore PLI-Auto scheme has two components — Champion OEM and Component Champion.

The Champion OEM Incentive scheme is a sales value-linked scheme, applicable to battery electric vehicles and hydrogen fuel cell vehicles of all segments.  (KNN Bureau)