Will Elon Musk's Tesla be eligible for GOI's PLI scheme?

Tesla's India Entry amid PLI edits: Elon Musk-owned Tesla, which is eyeing a push-and-pull entry to India, is likely to reap the same benefits as other contenders in the newly-amended PLI scheme even as the selection of eligible automotive was done at the inception of the scheme two years back.

Anurag Singh, Managing Director leading automotive practice at Primus Partners said the Elon Musk-owned entity will likely not benefit from the scheme as “selection was done years back,” but added that it will be tough to comment on the development.

Notably, the Vibrant Gujarat event will likely address speculations around Tesla’s entry to India amid their constant engagement with the government.

Notably, companies like Mahindra & Mahindra and Hyundai had opposed Tesla’s entry to India, opposing dual policy in the country for a new entrant.

HS Bhatia, Managing Director of Kelwon Electronics which is into South Korean brand manufacturing said the present scheme puts new and old entrants “on the same pedestal.”

 “All major companies were against favours or even relaxing the 'Domestic value addition' for Tesla specifically…there can't be two rules or policies in the country as per them.”

Source: https://www.republicworld.com/automobile/will-elon-musk-s-tesla-be-eligible-for-goi-s-pli-scheme/