Five Automakers Secure 99.9% of Auto PLI Scheme Payouts: Full Report and Details
Five vehicle makers accounted for 99.9% of reported Auto PLI disbursements through December 2025. The payout concentration shows where approved production and incentive claims have translated into actual disbursements so far.Auto PLI payout rankingRankAutomakerPayout1Bajaj Auto₹625.65 crore2Tata Mot...
Editorial Team
Five vehicle makers accounted for 99.9% of reported Auto PLI disbursements through December 2025. The payout concentration shows where approved production and incentive claims have translated into actual disbursements so far.
Auto PLI payout ranking
| Rank | Automaker | Payout |
|---|---|---|
| 1 | Bajaj Auto | ₹625.65 crore |
| 2 | Tata Motors | ₹545.31 crore |
| 3 | Ola Electric | ₹440.52 crore |
| 4 | Mahindra & Mahindra | ₹387.90 crore |
| 5 | TVS Motor | ₹320.51 crore |

Why it matters for India
The figures underline the lead taken by two-wheeler and EV-focused manufacturers in converting eligible investment and sales into claims. The performance period continues through FY2028, so the ranking and total disbursement can still change.
Frequently asked questions
How much was paid to the five automakers?
₹2,319.89 crore out of the reported ₹2,321.94 crore total.
Was there a component-company payout?
The listed component payout was ₹2.05 crore.
Conclusion: Auto PLI disbursements remain highly concentrated, but the ongoing performance window leaves room for more approved participants to claim incentives.
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