Blitz Bureau
NEW DELHI: In a bid to boost the domestic manufacturing of electric vehicles, the Government has announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).
Union Minister HD Kumaraswamy said the initiative marks a defining moment in the country’s journey towards clean, self-reliant, and futureready mobility, reported IANS. “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.
The application portal would be open till October 21. The Government has approved a forward-looking scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles. It is designed to 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 evehicles. It 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 five years from the date of application approval. Approved applicants would be required to make minimum investment of Rs 4,150 crore in line with the provisions of the scheme.
