New Delhi: In a bid to enhance the domestic production of electric vehicles (evs), the authorities on tuesday announced the release of a portal for 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 toward smooth, self-reliant, and future-ready mobility.
"The release of this portal under the SPMEPCI scheme opens new avenues for international electric vehicle producers to invest and integrate into India's rapidly evolving automotive landscape. This scheme not only helps our national commitment to achieve net zero by 2070, but also reinforces our resolve to build a sustainable, innovation-driven economy," stated the minister.
Applications are invited from eligible candidates under the scheme, and candidates can apply through the application module at spmepci.heavybuilt-industries.gov.in. The application portal will be open for applications from june 24 to october 21.
The authorities of india have approved an ahead-of-the-curve, integrated 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 an optimal destination for automobile manufacturing and innovation.
The scheme will assist in attracting integrated investments from established international EV producers and promote india as a manufacturing destination for e-motors. The scheme may also help put india on the global map for the integration of evs, generate employment, and fulfill the purpose of "Make in India.
To inspire worldwide producers to integrate under the Scheme, authorized candidates can be allowed to import up to units of e-4W with an integrated CIF cost of $35,000 at a reduced customs duty of 15 percent for a period of five years from the date of software approval.
Accredited candidates could be required to make a contribution of Rs 4,150 crore, integrated within the provisions of the scheme. The scheme is strategically crafted to position india as an international hub for electric-powered vehicles.
Through calibrated customs duty concessions and actually integrated domestic value addition (DVA) milestones, the scheme moves towards stability among built-introduced EV technologies and nurtures integrated indigenous capabilities.
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