Has the Centre Launched a New Portal to Boost EV Car Manufacturing Until October 21?
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Synopsis
The Indian government has launched a new portal aimed at promoting electric vehicle manufacturing, inviting global investments and reinforcing its commitment to sustainability. With a focus on innovation and job creation, this initiative showcases India's ambition to become a leading destination for electric automotive production.
Key Takeaways
- The portal for EV manufacturing applications is live until October 21.
- Investments from global manufacturers are encouraged.
- The scheme reinforces India's commitment to a sustainable economy.
- A minimum investment of Rs 4,150 crore is required from approved applicants.
- Customs duty concessions are provided to attract international investments.
New Delhi, June 24 (NationPress) In an effort to enhance the domestic production of electric vehicles (EVs), the government has officially launched a portal for the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) on Tuesday.
Union Minister H.D. Kumaraswamy emphasized that under the visionary guidance of Prime Minister Narendra Modi, this initiative represents a pivotal moment in India’s quest for clean, self-sufficient, and forward-looking mobility.
“This portal’s launch under the SPMEPCI scheme opens exciting opportunities for international electric vehicle manufacturers to invest in India’s fast-evolving automotive sector. The scheme not only aligns with our national dedication to achieving net-zero emissions by 2070 but also strengthens our commitment to building a sustainable and innovation-driven economy,” the minister stated.
Eligible candidates are encouraged to apply through the application module found at spmepci.heavyindustries.gov.in.
The application portal will remain open from June 24 until October 21.
The government of India has endorsed a forward-thinking scheme to foster the domestic production of passenger cars, particularly focusing on electric vehicles (EVs). This initiative aims to firmly position India as an esteemed global hub for automotive manufacturing and innovation.
Moreover, the scheme is designed to attract investments from international EV manufacturers and establish India as a key manufacturing location for electric vehicles.
This initiative will also help place India on the global stage for EV manufacturing, create job opportunities, and support the “Make in India” initiative.
To incentivize global manufacturers to invest under this scheme, approved applicants may import Completely Built-in Units (CBUs) of electric four-wheelers (e-4W) valued at a minimum CIF of $35,000, enjoying a reduced customs duty of 15 percent for five years from the date of application approval.
Applicants who receive approval will be required to invest at least Rs 4,150 crore, in accordance with the scheme's guidelines. This initiative is strategically designed to position India as an international hub for electric vehicle manufacturing.
By offering tailored customs duty concessions along with clearly defined domestic value addition (DVA) benchmarks, the scheme effectively balances the introduction of advanced EV technologies with the cultivation of local capabilities.
Point of View
It is essential to highlight that this initiative by the Indian government is a significant step towards enhancing local manufacturing capabilities in the EV sector. It reflects a strategic vision to not only meet global sustainability goals but also to bolster the economy through job creation and innovation.
NationPress
24/06/2025
Frequently Asked Questions
What is the SPMEPCI scheme?
The SPMEPCI scheme is the Scheme to Promote Manufacturing of Electric Passenger Cars in India, aimed at boosting domestic production of electric vehicles.
How long will the application portal be open?
The application portal will be open from June 24 until October 21.
What is the minimum investment required for approved applicants?
Approved applicants must make a minimum investment of Rs 4,150 crore.
What benefits do global manufacturers receive under this scheme?
Global manufacturers can import Completely Built-in Units (CBUs) of electric four-wheelers at a reduced customs duty of 15 percent for five years.
How does this scheme support India's goals?
The scheme supports India's goal of achieving net-zero emissions by 2070 and fosters a sustainable, innovation-driven economy.
