Parliamentary Panel Flags PLI Gap: EV Scheme Tweaks Could Boost Ather Energy

• Ather Energy, an early EV player, missed the Auto PLI scheme due to strict revenue/net worth criteria.
• The 2021 Auto PLI scheme favored large-scale operations, requiring ₹10,000 crore global revenue or ₹1,000 crore net worth for new entrants.
• A Parliamentary panel flagged the exclusion of high-potential domestic e2W companies like Ather and recommended flexible eligibility norms.
• Recommendations include differentiated criteria for high-growth segments like e2Ws, aligning policy with industry conditions.
• If adopted, revised PLI could lower barriers for EV-focused companies, offering financial incentives and boosting Ather's growth.