New Delhi, Dec. 9 -- The heavy industries ministry on Tuesday said it has disbursed Rs.1,350.83 crore to five beneficiary companies under the Rs.25,938-crore production-linked incentive (PLI) scheme for automobiles and their components since the scheme's inception in 2021 until November 2025.

In FY25, the first year of disbursals, the government had doled out Rs.322 crore to four companies-Tata Motors Ltd, Mahindra & Mahindra Ltd, Ola Electric Mobility Ltd, and Toyota Kirloskar Auto Parts Ltd-indicating disbursal of about Rs.1,000 crore in the current fiscal year so far.

Minister of state for the heavy industries ministry Bhupathiraju Srinivasa Varma told parliament on Tuesday that of the eligible sales target of 2.31 trillion by March ...