Endurance Technologies Limited secures an addendum to its Eligibility Certificate from the Directorate of Industries, Government of Maharashtra. This elevates total eligible incentives to ₹858.29 crore, up ₹252.26 crore from the previous ₹606.03 crore. The boost falls under the Package Scheme of Incentives 2019 for Mega Projects.
Investment Period and Coverage
The incentives cover fixed asset investments at Waluj units in Chhatrapati Sambhajinagar from April 1, 2019, to March 31, 2025. Endurance qualifies for Industrial Promotion Subsidy through SGST refunds by eligible units. Electricity duty exemptions form another key benefit component.
Benefit Structure Ahead
From April 1, 2025, to September 30, 2031, annual incentives reach up to ₹125.38 crore on a pro-rata basis per financial year. This structure demands compliance with scheme terms set by the Maharashtra government. The 41.63% hike strengthens Endurance’s manufacturing expansion for automotive components.
Strategic Edge in Auto Sector
Endurance, a leading auto components maker, supplies parts to two-wheeler and four-wheeler OEMs, including EV-related orders like battery packs worth ₹300 crore in recent wins. The subsidy aligns with India’s push for localized EV production. It bolsters the firm’s competitiveness in the shifting mobility landscape.
