How to read the status column
Status is as of 1 October 2026. Terms are summarised; the notified scheme guidelines govern eligibility and payment. The status words follow the brochure’s legend:
- Open: available or accepting applications.
- Closing: a stated window or period ends on the date shown.
- Closed: no new applicants.
- Announced: announced or approved; check operating guidelines.
The live position for every scheme is on the incentive tracker.
Production, import and demand schemes
| Scheme | What the investor gets | Who qualifies | Status (as printed) |
|---|---|---|---|
| PLI for Automobile and Auto Components (₹25,938 crore) | 13%–18% of incremental sales of EV and hydrogen fuel-cell components and of Champion OEMs’ AAT vehicles; 8%–13% for other AAT components. About ₹2,377.56 crore paid by 31 Dec 2025. | 82 approved applicants. Champion OEM: ₹10,000 crore global turnover, ₹3,000 crore fixed assets; Component Champion: ₹500 crore and ₹150 crore. | Approved applicants only; to FY2027-28 |
| PLI for Advanced Chemistry Cell batteries (₹18,100 crore) | Production-linked incentive for giga-scale cell plants: two-year gestation, then five performance years. Target 50 GWh. | Awarded in two rounds: Ola Cell 20 GWh; Reliance entities 5 GWh and 10 GWh; ACC Energy Storage 5 GWh. 10 GWh is earmarked for grid storage. | 40 GWh awarded; 1 GWh built (Jan 2026) |
| SPMEPCI: electric passenger cars | Import e-4W CBUs with a CIF value of USD 35,000 or more at 15% customs duty for 5 years, up to 8,000 a year; duty forgone capped at the lower of ₹6,484 crore or the investment made. | Invest at least ₹4,150 crore and start e-4W production within 3 years; 25% DVA by year 3 and 50% by year 5. | CLOSED OCT 2025; NO APPLICATIONS RECEIVED |
| Rare Earth Permanent Magnet scheme (₹7,280 crore) | Incentives on magnet sales for 5 years after a 2-year build period, for integrated sintered NdFeB plants; 6,000 tonnes a year in total. | Up to five makers chosen by global competitive bidding, each allotted up to 1,200 tonnes a year. | BIDS CLOSED 12 AUG 2026; 20 RECEIVED |
| PM E-DRIVE (₹11,900 crore) | Demand incentives for e-2W, e-3W, e-trucks and e-ambulances; ₹4,391 crore for 14,028 e-buses; ₹2,000 crore for public charging; ₹780 crore for testing agencies. | OEMs meeting the Phased Manufacturing Programme; public transport agencies; charging operators. | TO 31 MAR 2028; CLAIMS BY 31 DEC 2027 |
| PM e-Bus Sewa Payment Security Mechanism (₹3,435.33 crore) | Payment security for e-bus makers and operators if public transport authorities default, covering 38,000 or more e-buses for up to 12 years. | E-bus OEMs and operators under gross cost contracts with public transport authorities. | Notified 28 Oct 2024; CESL implements |
Closed EV subsidies and cross-sector support
| Scheme | What the investor gets | Who qualifies | Status (as printed) |
|---|---|---|---|
| FAME-II and EMPS 2024 | Demand incentives for EVs. FAME-II supported 1.67 million EVs from 2019 to 2024; EMPS 2024 was subsumed into PM E-DRIVE. | No new claims. | REPLACED BY PM E-DRIVE |
| Employment Linked Incentive (₹99,446 crore) | Employers get up to ₹3,000 a month for each additional job sustained for at least six months. | Employers adding jobs between 1 August 2025 and 31 July 2027. | JOBS CREATED UP TO 31 JUL 2027 |
| Research, Development and Innovation Scheme (₹1 lakh crore corpus) | Long-term financing or refinancing at low or nil interest for private R&D, through second-level fund managers such as AIFs and DFIs. | Private-sector R&D in strategic and sunrise domains, through the fund managers. | Approved 1 Jul 2025 |
| RoDTEP export remission | Remission of duties and taxes on exported products, at notified rates. | Exporters of eligible products. | EXTENDED TO 31 DEC 2026 |
| Rare Earth Corridors | Dedicated corridors to promote rare-earth mining, processing, research and manufacturing in Odisha, Kerala, Andhra Pradesh and Tamil Nadu. | States hosting the corridors; operating details awaited. | ANNOUNCED IN BUDGET 2026-27 |
Notes on the main schemes
PLI-Auto is limited to its 82 approved applicants, so a new foreign entrant cannot join. For those approved, incentives are paid only on products holding a domestic value addition certificate at 50% or more, tested variant by variant (see regulators and registrations). Approved companies had invested ₹35,657 crore by 30 September 2025 and about ₹2,377.56 crore had been paid by 31 December 2025. Claims are paid in the year after each performance year: claims for FY2023-24 were paid in FY2024-25. The scheme runs to FY2027-28.
PLI ACC has awarded 40 GWh of its 50 GWh target across two rounds, with 10 GWh earmarked for grid storage. By January 2026 only Ola’s 1 GWh plant had been built, in pilot production since March 2024. The remaining cell capacity and the magnet scheme are the areas the sources describe as supply gaps.
SPMEPCI was designed for a carmaker that wants to import premium e-4Ws at 15% duty while building an Indian plant. It drew no applications by its October 2025 deadline and the reopening window ran only until 15 March 2026. Import duty on cars therefore remains at the standard rates described under tax and zones.
PM E-DRIVE is the live demand scheme. It runs to 31 March 2028 and all claims must be filed by 31 December 2027, but it is fund-limited: a component closes early if its funds run out. Vehicles claiming it must meet the Phased Manufacturing Programme. Press reports in August 2026 (Business Standard, 11 Aug 2026; Autoguide India, 12 Aug 2026) covered a halving of the e-2W subsidy to ₹5,000 alongside the extension to March 2028; check the current MHI notification for the rate that applies.
Employment Linked Incentive, RDI and RoDTEP are cross-sector. The ELI pays up to ₹3,000 a month per additional job for jobs created up to 31 July 2027. The RDI Scheme routes R&D finance through fund managers rather than direct grants. RoDTEP has been extended to 31 December 2026 (DGFT Notification 41/2026-27). Details are on the central schemes page.
What to check next
- If you are not among PLI-Auto’s 82 approved applicants, build the business case without PLI; PM E-DRIVE, state packages and the ELI are the live options.
- For PM E-DRIVE, confirm remaining funds in your vehicle category before committing volumes, and plan to file all claims before 31 December 2027.
- For cells and magnets, check whether MHI has opened any further PLI ACC or REPM round since 1 October 2026.
- Check the operating guidelines for the Rare Earth Corridors once issued; the Budget announcement gives no operating detail.
- Track scheme windows on the incentive tracker.