Budget 2024: Allocation Under Auto PLI Scheme Raised, FAME Subsidy Reduced

The interim budget for FY25 has allocated Rs 3,500 crore towards a production-linked incentive for automobiles and auto components.

(Photo: Unsplash)

The central government has increased allocation for a scheme that incentivises automobile manufacturing in India, even as it sets aside less cash for subsidising electric vehicles.

Also Read: Budget 2024: Government Sets FY25 Fiscal Deficit Target At 5.1%, Revises FY24 Number To 5.8%

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WRITTEN BY
Tushar Deep Singh
Tushar Deep Singh is a Mumbai-based business journalist reporting on India'... more
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