The Ministry of Heavy Industries (MHI) has announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).
The Government has approved a forward-looking scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). It is designed to firmly establish India as a premier global destination for automotive manufacturing and innovation.
During the launch of the portal, Union Minister HD Kumaraswamy said: “This initiative marks a defining moment in India’s journey towards clean, self-reliant, and future-ready mobility. The launch of this portal under the SPMEPCI scheme opens new avenues for global electric vehicle manufacturers to invest in India’s rapidly evolving automotive landscape.”
The Minister said, “This scheme not only supports our national commitment to achieving Net Zero by 2070, but also reinforces our resolve to build a sustainable, innovation-driven economy. It strengthens the pillars of ‘Make in India’ and Aatmanirbhar Bharat’ and positions India as a trusted global hub for next-generation automotive manufacturing and technology leadership."
Scheme shall help to attract investments from global EV manufacturers
The scheme shall help to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles. The scheme will also help put India on the global map for manufacturing of EVs, generate employment and achieve the goal of “Make in India”.
To encourage the global manufacturers to invest under the scheme, the approved applicants will be allowed to import Completely Built-in Units (CBUs) of e-4W with a minimum CIF value of USD 35,000 at reduced customs duty of 15% for a period of 5 years from the Application Approval Date.
Approved applicants would be required to make minimum investment of Rs. 4,150 crores in line with the provisions of the scheme.
Prakash Kumar Pandey