Govt Opens Application Portal For EV Manufacturing Scheme To Boost Domestic EV Production

New Delhi, Jun 24 (KNN) The Ministry of Heavy Industries (MHI) has officially launched the online application portal for the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI), inviting eligible applicants to submit proposals from June 24, 2025, to October 21, 2025.

The scheme, notified on March 15, 2024, and detailed further through Notification No. S.O. 2450(E) dated June 2, 2025, is aimed at strengthening India’s position as a global hub for electric vehicle (EV) manufacturing. 

The scheme offers strategic incentives to attract large-scale investments from global electric vehicle manufacturers. 

Notably, approved applicants will be allowed to import Completely Built Units (CBUs) of electric four-wheelers with a minimum CIF value of USD 35,000 at a reduced customs duty of 15 percent for five years from the approval date. 

In return, these applicants must commit to a minimum investment of Rs 4,150 crore and meet domestic value addition (DVA) milestones over the scheme period.

SPMEPCI is designed to strike a balance between facilitating the entry of advanced EV technologies and nurturing indigenous manufacturing capacity. 

It includes clearly defined timelines for local value addition, aiming to stimulate domestic innovation, create employment, and deepen India's automotive supply chains.

(KNN Bureau)