ENA Sectors 2025-06-24 15:44:25 <p><span style="font-size:14px"><strong>New Delhi, Jun 24 (KNN)</strong> 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.</span></p> <p><span style="font-size:14px">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 Indias position as a global hub for electric vehicle (EV) manufacturing. </span></p> <p><span style="font-size:14px">The scheme offers strategic incentives to attract large-scale investments from global electric vehicle manufacturers. </span></p> <p><span style="font-size:14px">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. </span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">SPMEPCI is designed to strike a balance between facilitating the entry of advanced EV technologies and nurturing indigenous manufacturing capacity. </span></p> <p><span style="font-size:14px">It includes clearly defined timelines for local value addition, aiming to stimulate domestic innovation, create employment, and deepen India's automotive supply chains.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42563 https://knnindia.co.in/news/newsdetails/sectors/govt-opens-application-portal-for-ev-manufacturing-scheme-to-boost-domestic-ev-production 2025-06-24 15:44:25 knnindia.co.in