PLI Scheme: Uno Minda, Voltas among 18 new firms selected for AC, LED light components

The Union government has provisionally selected 18 new companies under the third round of the Production-Linked Incentive (PLI) scheme for white goods, which covers components of air conditioners (ACs) and LED lights, the ministry of commerce and industry announced on Monday. The selected firms, comprising 10 AC component manufacturers and 8 LED light component manufacturers, have committed investments totalling ₹2,299 crore.

Apart from the new entrants, six existing PLI beneficiaries—Hindalco Industries, LG Electronics, Mettube Copper, Blue Star Climatech, Voltas and Halonix Technologies—have been approved to upgrade to higher investment categories, committing an additional ₹1,217 crore. This brings the total investment under the third round to ₹3,516 crore across 24 beneficiaries.

The scheme, implemented to bolster India’s manufacturing capabilities, aims to foster the production of components such as compressors, copper tubes, heat exchangers, and BLDC motors for air conditioners. For LED lights, the focus is on manufacturing LED chip packaging, drivers, engines, light management systems, and metallised films for capacitors.

Thirteen applicants, including two existing beneficiaries, are being referred to a Committee of Experts (CoE) for further examination. Meanwhile, one applicant has withdrawn from the scheme.

So far, 84 companies under the PLI scheme for White Goods have committed a cumulative investment of ₹10,478 crore, expected to generate production worth ₹1,72,663 crore.

The Union Cabinet approved the PLI Scheme for White Goods in April 2021, with an outlay of ₹6,238 crore to be implemented from FY 2021-22 to FY 2028-29. The scheme offers incentives ranging from 6% to 4% on incremental sales over five years, with a one-year gestation period.

The scheme is designed to increase domestic value addition from the current 15–20% to 75–80%, integrate India into global supply chains, and create a robust component ecosystem for the AC and LED light industries.

List of 18 new companies selected for PLI Scheme:

1. Jupiter Aluminium Industries Private Limited

2. Ram Ratna Wires Limited

3. SMEL Steel Structural Private Limited

4. Voltas Components Private Limited

5. Next Generation Manufacturers Private Limited

6. Neemrana Steel Service Center India Private Limited

7. Clad Metal India Private Limited

8. Malhotra Electronics Private Limited

9. MIRC Electronics Limited

10. Smile Electronics Limited

11. Ikio Solutions Private Limited

12. Lumax Industries Limited

13. Neolite ZKW Lightings Private Limited

14. Dhruv Industries Limited

15. Uno Minda Limited

16. HQ Lamps Manufacturing Co. Private Limited

17. Intelux Electronics Private Limited

18. Hella India Automotive Private Limited