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Ather Energy and Euler Motors are backed by Hero MotoCorp, India’s biggest two-wheeler maker by volume.
The Auto PLI scheme requires automakers to have global group revenues above ₹10,000 crore for eligibility.
KEY POINTS
- Ather Energy and Euler Motors say the PLI scheme creates a 13-16% cost disadvantage for startups.
- As of December 2025, only Rs 41,121 crore in incremental sales occurred versus a Rs 2,31,500 crore target.
- The Department-Related Parliamentary Standing Committee on Industry recommended addressing eligibility thresholds that exclude startups.
COMPANIES
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