New Delhi, March 12 -- The government is examining Kia India Pvt Ltd's electric vehicle investments in 2024 to decide if the South Korean carmaker's local unit is eligible for receiving production-linked incentives (PLI), Mint has learnt.
"The company had previously not updated their investments onto the PLI-Auto portal and not met deadlines, and they have reached out to the heavy industries ministry with the relevant disclosures about their investments in EV projects," said a senior government official, speaking on the condition of anonymity.
"But no decision has been taken about whether the company will be eligible for incentives," the official said.
Companies are required to update information about investments and sales on the PLI ...
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