Global electric vehicle (EV) giants can now apply for a scheme to promote manufacturing of electric passenger cars in India, offering significantly lower import tax for automakers that pledge to invest in domestic electric vehicle production.
The Ministry of Heavy Industries (MHI) today announced the portal launch of the application process under the scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).
Union Minister HD Kumaraswamy said that the 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. 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,” he said
According to an official statement, the scheme will help attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles.
It will also help put India on the global map for manufacturing of EVs, generate employment and achieve the goal of “Make in India”.
The scheme is strategically crafted to position India as a global hub for electric vehicle manufacturing.
With a minimum investment threshold of Rs 4,150 crore, it provides an enabling policy environment for leading global and domestic players to establish long-term manufacturing footprints in the country.
Through calibrated customs duty concessions and clearly defined domestic value addition (DVA) milestones, the scheme strikes a balance between introducing cutting-edge EV technologies and nurturing indigenous capabilities. It added.
