Friday, May 1, 2026

EV founders say PLI Auto needs an overhaul, leaves startup at a disadvantage

Electric vehicle startups are pushing back against the current production-linked incentive (PLI) scheme for automobiles, arguing its stringent eligibility criteria favor established players. EV-first companies, despite leading in technology and localization, are excluded, facing a significant cost disadvantage against traditional OEMs. Founders call for reforms to align the scheme with India's evolving EV landscape.

from Tech-Economic Times https://ift.tt/Iqtzjcw

No comments:

Post a Comment

Dealmaking stays strong as startup M&A momentum carries into 2026

Indian startups are experiencing a surge in M&A exits, particularly in consumer, fintech, and ecommerce sectors, signalling a robust rec...