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Key Points

The Modi government has launched a portal to attract global EV manufacturers under the SPMEPCI scheme. Applications will be accepted till October 21 with incentives like reduced customs duty. The scheme requires minimum investments of Rs 4,150 crore to position India as an EV manufacturing hub. This initiative supports India's Net Zero goals while creating jobs and boosting domestic production.

Key Points: Modi Govt Launches EV Manufacturing Portal Open Till October 21

  • Portal launched under SPMEPCI to boost EV manufacturing
  • 15% customs duty cut for approved applicants
  • Rs 4,150 crore minimum investment required
  • Aligns with India's Net Zero 2070 goal
2 min read

Centre launches portal to promote EV car manufacturing, open till Oct 21

India's new EV manufacturing portal under SPMEPCI scheme invites global investors till Oct 21, offering duty cuts and Rs 4,150 crore investment opportunities.

"This scheme reinforces our resolve to build a sustainable, innovation-driven economy - H.D. Kumaraswamy"

New Delhi, June 24

In a bid to boost the domestic manufacturing of electric vehicles (EVs), the government on Tuesday announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).

Union Minister H.D. Kumaraswamy said that guided by the visionary leadership of Prime Minister Narendra Modi, 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. 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,” said the minister.

Applications are invited from eligible applicants under the scheme and applicants can apply through the application module at spmepci.heavyindustries.gov.in.

The application portal would be open for applications from June 24 till October 21.

The government of India 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.

The scheme will 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 $35,000 at reduced customs duty of 15 per cent for a period of 5 years from the application approval date.

Approved applicants would be required to make minimum investment of Rs 4,150 crore in line with the provisions of the scheme. The scheme is strategically crafted to position India as a global hub for electric vehicle manufacturing.

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.

- IANS

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Reader Comments

R
Rahul K.
Great initiative by the government! 👏 EVs are the future and India must lead this revolution. The reduced customs duty for global manufacturers is a smart move - will bring in technology while creating jobs. Hope to see more charging stations across cities now!
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Priya M.
While I appreciate the push for EVs, what about making them affordable for middle-class families? Most electric cars are still out of reach. The government should also focus on subsidies for Indian buyers, not just manufacturers.
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Arjun S.
₹4150 crore minimum investment is huge! Only big players can participate. What about supporting our homegrown EV startups? They need help too to compete with global giants. #VocalForLocal
S
Sunita P.
Good step towards reducing pollution and oil imports. But before pushing EVs, we need better electricity infrastructure. In my area, we still have 6-8 hour power cuts. How will people charge their cars? 🤔
V
Vikram J.
Hope this doesn't become another scheme where only foreign companies benefit. The domestic value addition clause is crucial - we must build our own EV ecosystem, not just assemble imported parts. Jai Hind!
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Neha R.
As someone working in auto sector, this is exciting news! But government should also invest in lithium battery manufacturing. Currently we import most batteries - that defeats the 'Make in India' purpose no?

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