Samvardhana Motherson unit secures incentives under PLI scheme

Motherson Electronic Components Private Limited (MECPL), a subsidiary of Samvardhana Motherson International Limited (SAMIL), on Monday successfully secured incentives under the government’s Production Linked Incentive (PLI) Scheme. These incentives are for six years, i.e., from FY 26 to FY 31, with an expected cumulative investment of Rs 1,900 crores over the investment period.

MECPL is looking to create over 5,000 employment opportunities at its plant in Kanchipuram, Tamil Nadu, during the course of these incentives, the company said in a press release.

MECPL has been included among the beneficiaries of the Electronics Components Manufacturing Scheme (ECMS) for the production of enclosures for the consumer electronics industry.