AUTO INDUSTRY
LEADERS HAIL PLI SCHEME
KENICHI AYUKAWA, SIAM PRESIDENT: “SIAM
is grateful to the Hon’ble Prime Minister, Hon’ble Minister of Heavy
Industries, Secretary Heavy Industries, and all other policy makers in the
Government involved in launching the PLI Scheme for the auto industry. The
scheme will contribute towards reducing carbon emissions and oil imports with
local manufacturing. SIAM will be happy to engage with the Ministry of Heavy Industries
for detailing and fine-tuning, execution and further strengthening the scheme.”
VINOD AGGARWAL, TREASURER, SIAM AND MD
& CEO, VECV: “Production Link Incentive Scheme for Automotive will
result in ushering in more advanced technologies for new vehicles in our
country, Such technologies will be now be introduced, much faster, than what we
have been seeing in last several years. Focus on next generation sensor-based
safety and collision avoidance systems would go a long way in making the
vehicles and our roads one of the safest in the world. PLI will also provide an
opportunity for the Auto Industry to increase its Electric portfolios, as it
will supplement the existing incentives of FAME and lower GST, for these
vehicles.”
VENU SRINIVASAN, CHAIRMAN, TVS MOTOR
COMPANY: “The revised focus of PLI scheme on alternative fuels, electric
vehicles and utilisation of advanced technological innovation, will help the
industry move faster towards the future technologies. There is a sense of haste
in developing these technologies in India and this scheme gives the right
impetus to the industry to move rapidly in that direction. Any country which
aspires to lead in a particular sector needs government support and this scheme
aims to do just that in the future mobility space. The pandemic has taught us
the essence of Aatmanirbharta in every aspect possible. Hence, this is a
significant push by the government for its workforce, organisations (OEMs), and
the consumers to seek competitive, diverse, and climate conscious mobility
solutions and a progressive India
SOHINDER GILL, DIRECTOR GENERAL, SOCIETY OF
MANUFACTURERS OF ELECTRIC VEHICLES: “We thank the government for approving
the PLI scheme for the Automotive industry. The scheme is especially beneficial
for existing large players engaged in the automotive business and new entrants
as it will renew the interest of traditional players and motivate them to
invest in the sector. The move will
strengthen the manufacturing ecosystem and build a self-sustaining framework for the
e-mobility industry. However most of the existing small & medium OEMs
engaged in the the EV automotive business and new Startups may not be able to
qualify for the scheme and will have to operate
under the existing norms. Policies supported by fiscal and non-fiscal
incentives are the pillars that drive consumer sentiment and accelerate the
adoption of new products in the market. The ACC and amendments to FAME II
scheme in June have generated a positive consumer response; the same is
envisioned on the rolling out of the PLI scheme. We look forward to continuing
working with industry players and policymakers to build India as a global EV
manufacturing hub.”
NAVEEN MUNJAL, MD, HERO ELECTRIC: “As
we celebrate World EV day today, we are delighted that as a company we have
been able to contribute to driving change, together. The world at large is
moving together to create a shift to sustainable transport with the consumer,
business, and policy outcomes. In 2021, World EV Day will be asking businesses
across the world how they will #DriveChange to support E-mobility and sharing
stories from real EV owners about their journeys on the road to #GoEV. The
transition to electric mobility has never been so crucial, with the industry
striving to decarbonize transport and encourage everyone to look to electricity
as a way to deliver a sustainable way of life. As a company, Hero is committed
to bringing disruption and innovation in the Electric vehicle segment, bringing
to the common man products that are technologically superior while making our
country sustainable and free of pollution. Hero Electric is thankful and
appreciates the many such innovators who’ve help build Hero into a market
leader in the EV space over the last 14 years.”
VIKRAM KIRLOSKAR, VICE CHAIRMAN, TOYOTA
KIRLOSKAR MOTOR: “Today marks a milestone for the Indian automotive
industry as the Government has announced the contours of the much-awaited
Production Linked Incentive (PLI) scheme for the auto sector with special focus
on Battery Electric Vehicles and Fuel Cell Electric Vehicles. Here, we would
like appreciate the efforts made by the Government of India as the scheme is
quite distinct when compared to other sectoral schemes and it addresses
existing competitive gaps and aims to foster rapid tectonic technological
shifts to leverage opportunities arising from the realignment of global supply
chains. The PLI scheme also proves to be timely so as to be able to revive the
sectoral growth and lay the foundation for the country to become a global auto
manufacturing hub”.
“At
Toyota Kirloskar Motor (TKM), we believe the scheme will be instrumental in
providing the desired impetus for ‘Make in India’ thereby reducing imports, and
enabling the Indian automotive industry to move up the value chain into higher
value-added technologies. Above all, it will help attract global investments as
several automotive players are looking to diversify their supply chains owing
to the pandemic and emerging geopolitical scenarios. For our part, as pioneers
of electrified technologies, TKM will continue to focus on mass electrification
by encouraging localization of electrified vehicle parts.”
VIPIN SONDHI, VICE PRESIDENT, SIAM AND CEO
& MD, ASHOK LEYLAND: “The
Automotive PLI scheme of Rs 26,058 Crores launched by the Union Government is
all-inclusive. It provides incentives for incremental performance by the OEMs,
as manufacturers move towards making India a strong hub for Electric Mobility
while also looking at harnessing the potential of Hydrogen energy for
automotive applications. It will also support other advanced automotive
technologies. PLI has the potential to substantially increase volumes and will
provide a huge opportunity for exports to grow. This scheme is being announced
at an opportune time for India as the auto industry realigns its supply chain
globally. India can therefore capitalise on this changing scenario, to become
an integral manufacturing base for the world.”
HARSHA KADAM, MANAGING DIRECTOR & CEO,
SCHAEFFLER INDIA: “The Government of India has taken a holistic approach to
promote the development of advanced mobility technologies locally and
future-proof India’s capabilities and self-sufficiency. With a special focus on
localisation of advanced technologies in auto components, India is poised to be
an energetic player in the global ecosystem of sustainable mobility. The PLI
scheme will enable a smooth, yet accelerated transition to sustainable and
environmentally friendly mobility solutions, bringing overall progress to
business and society.”
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.”
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."