Auto stocks: The government is preparing a special scheme of Rs 13000 crore for auto component companies. According to the exclusive information received by CNBC-Awaaz, this scheme will be different from PLI. This new scheme is also going to be approved from the cabinet soon. Explaining the full news, CNBC-Awaaz’s Economic Policy Editor Laxman Roy quoted sources as saying that special scheme for auto component manufacturing may come soon. Under this, there is a preparation to give incentives Rs 13,000 crore to companies.
According to information received by sources, incentives are proposed for 4 different segments. Under this scheme, there will be incentives for capital experience and cluster development. Apart from this, incentives will also be given for skill development and R&D. This proposal has been discussed between PMO, Ministry of Heavy Industries and NITI Aayog.
According to sources, the scheme is being prepared based on the report of NITI Aayog. The GVS (Global Value Supply Chen) aims to increase India’s share to 8 per cent. India aims to increase India’s stake in auto component manufacturing from 3 per cent to 8 per cent by 2030.
The Nifty Auto Index rose by 0.60 per cent at a level of 23,969.90. Due to this news, the shares of UNO Minda, Sona and Samvardhan have seen a good rise. Currently, UNO MINDA shares are seen by Rs 7.10, or 0.66 per cent, to around Rs 1080. Today’s high day is Rs 1,086.80.
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Sona BLW Precision Forgings Shares are trading around Rs 481 with a gain of Rs 0.40 or 0.08 per cent on NSE. Today’s high day is Rs 483.90. Stock trading volume is around 3,271,207 shares. At the same time, its market cap is Rs 29,848 crore.
Samvardhana mother Shares are trading around Rs 155 with a gain of 0.88 rupees, or 0.55 per cent, on NSE. Today’s high day is Rs 154.61. Stock trading volume is around 8,599,705 shares. At the same time, its market cap is Rs 108,555 crore.