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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...

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By Maxabout Team

Automotive Journalist

Published

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

RankAutomakerPayout
1Bajaj Auto₹625.65 crore
2Tata Motors₹545.31 crore
3Ola Electric₹440.52 crore
4Mahindra & Mahindra₹387.90 crore
5TVS Motor₹320.51 crore
Auto PLI payout ranking infographic

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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Maxabout Team

Editorial Team

Specializes in: Automotive News, Reviews, Analysis

The Maxabout editorial team consists of automotive experts, journalists, and industry analysts who bring you the latest news, reviews, and insights from the Indian automotive market.
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