US EditionIndia's Electric Car Manufacturing Scheme Unveiled: Pioneering Green Growth
- On June 2, 2025, the Indian government released comprehensive rules in New Delhi for a program aimed at boosting domestic production of electric passenger vehicles, known as SPMEPCI.
- The scheme follows the March 2024 policy and came after protests from Indian manufacturers, leading to allowance for brownfield investments and other changes.
- Authorized companies may import up to 8,000 fully assembled electric vehicles annually, each with a minimum CIF price of $35,000, benefiting from a lowered customs tariff of 15% for a duration of five years.
- Applicants must invest at least Rs 4,150 crore in domestic manufacturing and meet value addition targets of 25% in three years and 50% in five years, secured by bank guarantees.
- This scheme aims to boost local electric vehicle production by incentivizing investments while regulating imports, potentially reshaping India’s EV manufacturing landscape.
19 Articles
19 Articles
Govt incentivises local EV production with significant import duty cuts
On Monday, the government announced guidelines under the Scheme to Promote Manufacturing of Electric Passenger Cars in India. Under these guidelines, companies would have the opportunity to import up to 8,000 electric four-wheeler units annually with a reduced import duty of 15 percent, compared to the current rates of 70-100 percent. However, this would be contingent upon their commitment to invest Rs 4,150 crore towards establishing local manu…
India's Electric Car Manufacturing Scheme Unveiled: Pioneering Green Growth
India's Electric Car Manufacturing Scheme Unveiled: Pioneering Green Growth The Ministry of Heavy Industries has announced comprehensive guidelines for its ambitious electric vehicle manufacturing scheme. Titled the 'Scheme to Promote Manufacturing of Electric Passenger Cars in India' (SPMEPCI), this initiative was initially approved in March 2024. Today, it embarks on a critical phase by starting its much-awaited application process.Under the s…
Govt considers levy on gasoline-powered cars to promote EVs
The federal government is likely to impose a five-year levy on vehicles powered by petrol and diesel in the upcoming fiscal year 2025-26 budget to promote electric vehicles (EVs) and has decided to establish an EV Fund to support the transition toward electric mobility. Sources said that if approved and implemented, this levy could generate annual revenue of Rs25-30 billion, amounting to Rs125-150 billion over the next five years. The collected …
The Federal Government apparently plans to grant tax relief to companies when they buy electric cars.
Indian EV industry likely to have 2 lakh professionals in workforce by 2030 - The Rahnuma Daily
Indian EV industry likely to have 2 lakh professionals in workforce by 2030 New Delhi, June 2 (IANS) To help India cut down carbon emissions by a whopping 1 billion tonnes, the EV industry is expected to have 200,000 professionals in the workforce by 2030, industry experts said on Monday. The announcement of the new EV policy is a pivotal move in fast-tracking India’s green mobility goals. “By tying import duty concessions to local manufacturing…
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