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Higher PLI Allocation & Policy Support for Rare Earth Minerals to Boost EV Penetration and Localisation: Report

Summary by Latestly
Get latest articles and stories on Business at LatestLY. The three-time increase in allocation for the Production Linked Incentive (PLI) scheme for automobiles and auto components in the Union Budget 2026 is likely to significantly support electric vehicle (EV) penetration and localisation of component manufacturing, according to a report by Axis Asset Management. Business News | Higher PLI Allocation & Policy Support for Rare Earth Minerals to …

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Latestly broke the news in on Monday, February 2, 2026.
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