Why participate in the M2M Expo

Automotive Sector - Opportunities & Schemes

Opportunities for Exhibitors from the Automotive sector and the various Government schemes are listed here

To visit Invest India official website click here
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opportunity

OEM participant in the Auto Show

Opportunities for the Auto Show Exhibitor (OEMs) in the M2M Expo

  1. Display your latest E-Vehicles and get qualified leads from both B2B & B2C Customers
  2. Opportunity to meet supply chain partners - component to sub-system level
  3. Generate qualified leads by showcasing your products and services to a targeted audience of potential buyers  and distributors from B2B and B2C clients
  4. Gain valuable brand exposure through press coverage
opportunity

Gains for Exhibitor from the Auto Parts Industry by participating in the M2M Expo

  1. Take up Indigenisation opportunity by meeting OEMs and Large units
  2. Generate Exports opportunity by meeting foreign companies and Embassy trade officers
  3. Opportunity to meet potential customers
  4. Awareness on Incentive Schemes
  5. Awareness on Funding opportunity
  6. Opportunity to meet supply chain partners
  7. Networking with Industry leaders
  8. Attract qualified leads by showcasing your products and services to a targeted audience of potential buyers  and distributors

Government of India Incentive Schemes and support schemes

To know more click https://www.investindia.gov.in/sector/auto-components

PLI-Automotive

Production Linked Incentive (PLI) Scheme

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi announced the Production-Linked Incentive (PLI) Scheme in the Automobile and Auto Components sectors. The PLI scheme (outlay of $3.5 Bn) for the automobile sector proposes financial incentives of up to 18% to boost domestic manufacturing of advanced automotive technology products and attract investments in the automotive manufacturing value chain. Incentives are applicable for determined sales of products manufactured in India from April 1, 2022, for a period of five consecutive years. The Ministry of Heavy Industries has announced the extension of the tenure of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendments. Under the amended scheme, the incentive will be applicable for a total of five consecutive financial years, starting from the financial year 2023-24. The disbursement of the incentive will take place in the following financial year 2024-25. The scheme also specifies that an approved applicant will be eligible for benefits for five consecutive financial years, but not beyond the financial year ending on March 31, 2028. Recent Developments: 1) Total of 115 companies had filed their application under this scheme. Out of which 85 applicants have been approved under this PLI scheme - 18 applicants for Champion OEM Incentive scheme and 67 applicants have been approved under Component Champion Incentive scheme. 2) The scheme has been successful in attracting proposed investment of INR 67,690 Cr against the target estimate of investment INR 42,500 Cr over a period of five years. 3) Apart from Indian business groups, approved applicants for Champion OEM Incentive scheme include groups from countries such as Republic of Korea, USA, Japan, France, Italy, UK and Netherlands.

  • Auto Components

    INR 25,938 Cr

    Scheme Outlay

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