Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

New Auto sector PLI to boost Electric Vehicles in India

Posted On: 2021-09-16 13:13:45 (Time Zone: IST)


RattanIndia Enterprises Ltd. welcomes the Production Linked Incentive (PLI) scheme announced by the Govt. of India today for automobile industry with a budgetary outlay of ₹ 26,058 crore. As per the press release by Govt. of India - this PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products. It will herald a new age in higher technology, more efficient and green automotive manufacturing.

The new PLI for auto sector is focused to promote green and clean electric vehicles. The Champion OEM Incentive scheme is a 'sales value linked' scheme, applicable on Battery Electric Vehicles of all segments. Rattanindia Enterprises backed Revolt is already the market leader in EV bikes in India with its AI enabled state of the electric bikes.

This PLI Scheme for automotive sector comes in addition to Faster Adaption of Manufacturing of Electric Vehicles (FAME) incentive scheme for electric vehicles with a budgetary outlay of ₹10,000 crore. This will enable India to leapfrog from traditional fossil fuel based automobile transportation system to environmentally cleaner, sustainable, advanced and more efficient Electric Vehicles (EV) based system.

Anjali Rattan Nashier, Business Chair, RattanIndia Enterprises Ltd. said "This Production Linked Incentive (PLI) scheme for auto industry with a decided shift to promote clean and green electric vehicles in the country is a fantastic step by the government. It will help develop the high tech EV manufacturing ecosystem in the country and will accelerate EV adoption in the country."

Shares of RATTANINDIA ENTERPRISES LIMITED was last trading in BSE at Rs. 47.65 as compared to the previous close of Rs. 45.65. The total number of shares traded during the day was 396458 in over 1427 trades.

The stock hit an intraday high of Rs. 47.9 and intraday low of 43.4. The net turnover during the day was Rs. 18592459.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Medinova Diagnostic Services Ltd announces Q2FY22 results

Premier Explosives Ltd Q2FY22 consolidated net profit rises to Rs. 3.09 crore

Modi Naturals Ltd Q2FY22 net profit slips QoQ to Rs. 2.99 crore

Welspun Corp Ltd consolidated Q2FY22 PAT slides to Rs. 84.90 crore

Bajaj Holdings and Investment Ltd Q2FY22 consolidated net profit climbs to Rs. 1131.57 crore

SBI Cards and Payment Services Ltd Q2FY22 net profit higher at Rs. 344.90 crore

Kirloskar Oil Engines Ltd consolidated Q2FY22 PAT up QoQ at Rs. 42.31 crore

Oracle Credit Ltd Q2FY22 net profit at Rs. 4.22 lakhs

CCL Products India Ltd posts consolidated PAT of Rs. 49.34 crore in Q2 FY2021-22

Laurus Labs Ltd consolidated Q2FY22 PAT falls to Rs. 201.90 crores

Dishman Carbogen Amcis Ltd Q2FY22 consolidated PAT at Rs. 11.19 crores

Zydus Wellness Ltd reports consolidated profit of Rs. 21.47 crore in Q2 FY2021-22

Saint-Gobain Sekurit India Ltd posts Rs. 28.54 crore PAT in Q2FY22

Intellect Design Arena Ltd Q2FY22 consolidated PAT at Rs. 79.24 crore

Sintex Plastics Technology Ltd reports profit in Q2FY22

The South India Paper Mills Ltd Q2FY22 PAT slides to Rs. 4.09 crore

Transport Corporation of India Ltd Q2FY22 consolidated PAT surges to Rs. 75.41 crore

Kuantum Papers Ltd Q2FY22 PAT at Rs. 10.51 crore

Gujarat Terce Laboratories Ltd Q2FY22 consolidated net profit at Rs. 45.36 lakhs

APL Apollo Tubes Ltd reports consolidated PAT of Rs. 131.30 crore in Q2FY22

Valiant Organics Ltd consolidated Q2 PAT drops to Rs. 25.59 crore

Coromandel International Ltd Q2FY22 consolidated PAT up QoQ to Rs. 519.31 crore

Indian Bank reports consolidated PAT of Rs. 1096.57 crore

Marico Ltd consolidated Q2FY22 PAT at Rs. 309 crore

Emami Paper Mills Ltd Q2FY22 PAT drops QoQ to Rs. 22.91 crores

Kokuyo Camlin Ltd Q2 FY2021-22 net profit at Rs. 4.68 crore

Transport Corporation of India Ltd Board approves interim dividend of Rs. 2

Oriental Carbon and Chemicals Ltd board declares interim dividend of Rs. 7

Jindal Stainless Hisar Limited announces Q2FY22 earnings

Infibeam Avenues Limited announces Consolidated Financial for Quarter Ending September 2021

Easy Trip Planners Limited to acquire Traviate - India's First B2B Travel Marketplace

DJ Mediaprint & Logistics Limited has secured orders from Hindustan Unilever Limited

Sun Pharma's PrILUMYA™ now available to help Canadians living with moderate-tosevere plaque psoriasis

Adani Transmission raises USD 700 Mn in one of Asia's largest revolving project financing deals

BCPL Railway Infra secures a construction order in the Railway electrification segment

NH TherAguix announces the release of a new clinical batch for its drug AGuIX, manufactured by CARBOGEN AMCIS

Oriental Carbon and Chemicals Ltd posts consolidated PAT of Rs. 13.34 crore in Q2FY22

Apcotex Industries Ltd Q2 FY2021-22 net profit up at Rs. 22.26 crore

Johnson Controls-Hitachi Air Conditioning India Limited Q2FY22 loss at Rs. 9.27 crore

Gujarat Gas Ltd Q2FY22 consolidated PAT declines to Rs. 249.13 crore

Asit C Mehta Financial Services Ltd posts consolidated loss of Rs. 34.20 lakhs in Q2FY22

CIL Securities Ltd posts PAT of Rs. 50.96 lakhs in Q2 FY2021-22

KG Denim Ltd Q2FY22 consolidated PAT at Rs. 67 lakhs

Simplex Mills Company Ltd posts Rs. 18.08 lakhs PAT in Q2FY22

Lokesh Machines Ltd posts net profit of Rs. 1.60 crore in Q2FY22

V-Guard Industries Ltd consolidated Q2FY22 net profit climbs to Rs. 59.40 crore

Ganesha Ecosphere Ltd reports consolidated net profit of Rs. 14.25 crore in Q2 FY2021-22

D B Corp Ltd reports Rs. 53.77 crore consolidated PAT in Q2FY22

Aavas Financiers Ltd posts consolidated Q2FY22 net profit of Rs. 91.90 crore

JSW Holdings Ltd posts consolidated PAT of Rs. 104.1771 crore in Q2 FY2021-22


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020