Tata Motors Statement on the Government’s PLI Scheme for the Auto Sector

Wednesday, September 15, 2021

Quote from Girish Wagh, Executive Director, Tata Motors
“We at Tata Motors are much encouraged with the new Production-Linked Incentive (PLI) scheme
announced for the auto sector. This scheme is both progressive and transformational. It reiterates
India’s holistic commitment to a sustainable future and accelerates the country’s progress towards
green mobility. Several meaningful incentives have been offered across the entire value chain engaged
in manufacturing of battery powered electric vehicles and hydrogen fuel cell, as well as their supporting
infrastructure and exports. Encouraging production of auto components using advanced technologies
will boost localisation, domestic manufacturing and also attract foreign investments. This will help
component manufacturers strive for scale, which will require setting up of new facilities and create
more jobs. With auto being a strategically important sector of the economy, the benefits accrued
overall will result in a multiplier effect. This announcement is a significant milestone in India’s journey
towards ‘Atmanirbharta’ and will enable the country to join the top echelons of auto manufacturing
nations.”

Quote from Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors.
“As a homegrown leading automotive brand in India, we at Tata Motors are delighted to see the new
Production-Linked Incentive (PLI) scheme announced today. The government has taken a holistic
approach to make India ‘Aatmanirbhar’, especially in technology areas, that will be relevant and
important in future. The scheme promotes manufacturing, export of electric vehicles and those running
on hydrogen fuel cells, their supporting infrastructure, as well as new technology auto parts requiring
advanced production techniques. A progressive scheme which will help in accelerating transition to
smart, environment-friendly, sustainable mobility solutions. The automotive ecosystem will benefit
tremendously as more jobs will be created, component manufacturers can plan their future roadmap
better and achieve scale. It is indeed a very strong resolve shown by the government to fulfill the
aspiration of India, by becoming a global manufacturing hub of green mobility.”