Government Launches Portal for Scheme to Promote EV Manufacturing in India
By Ankur Chandra | Updated at: Sep 30, 2025 12:43 PM IST
The Ministry of Heavy Industries (MHI) has officially launched the application portal for the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI), opening the doors for global electric vehicle (EV) giants to invest and manufacture in India.
Policy Backing for Global Investment in the Indian EV Market
The scheme, notified on March 15, 2024, and detailed via Notification No. S.O. 2450(E) dated June 2, 2025, is now active with applications open from June 24, 2025, at 10:30 a.m. until October 21, 2025, at 6:00 p.m. on the official portal: spmepci.heavyindustries.gov.in.
In a major policy push for ‘Make in India’ and ‘Aatmanirbhar Bharat’, the initiative is strategically designed to attract global and domestic EV manufacturers and solidify India’s position as a global EV manufacturing hub.
Scheme Highlights
| Particulars | Details |
|---|---|
| Scheme | SPMEPCI – Scheme to Promote Manufacturing of Electric Passenger Cars in India |
| Notification Date | March 15, 2024 |
| Guidelines Issued | June 2, 2025 (S.O. 2450(E)) |
| Application Window | June 24, 2025 to October 21, 2025 |
| Minimum Investment Required | ₹4,150 crore |
| Customs Duty Concession | 15% for EV CBUs (CIF ≥ USD 35,000) for 5 years |
| CBU Import Condition | Only approved applicants eligible |
The Indian government has officially opened the application window for its ambitious Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI), designed to boost domestic EV production. The scheme was notified on March 15, 2024, with detailed guidelines released on June 2, 2025, under S.O. 2450(E).
As per the latest update, applications will be accepted from June 24, 2025, to October 21, 2025. The scheme mandates a minimum investment of ₹4,150 crore by interested manufacturers and offers a major incentive in the form of 15% concessional customs duty on the import of electric vehicle (EV) completely built units (CBUs) with a CIF value of USD 35,000 or more, valid for a period of five years.
However, only approved applicants will be eligible to avail the concessional import benefit, reinforcing the scheme’s focus on committed long-term investors in India’s EV ecosystem. The initiative marks a significant policy push towards making India a competitive hub for electric vehicle manufacturing, while simultaneously encouraging global players to invest in the country’s green mobility future.
Enabling Policy Framework
The scheme grants significant customs duty concessions for the import of high-value completely built electric vehicles, aiming to facilitate early-stage technology infusion while establishing long-term manufacturing footprints. These benefits are contingent on meeting domestic value addition (DVA) milestones, ensuring that manufacturing localization scales over time.
Government Statement
Union Minister Shri H.D. Kumaraswamy highlighted the significance of the scheme during the portal launch, stating: “Guided by the visionary leadership of Prime Minister Shri Narendra Modi, this initiative marks a defining moment in India’s journey towards clean, self-reliant, and future-ready mobility. It opens new avenues for global EV manufacturers to invest in India’s rapidly evolving automotive landscape.”
He emphasized that the initiative will support India’s Net Zero goals for 2070 while reinforcing the national objective of becoming a trusted global manufacturing and innovation hub.
Strategic Impact
The SPMEPCI initiative is set to:
- Encourage global EV players to enter the Indian market
- Accelerate domestic job creation in high-tech manufacturing
- Boost green mobility infrastructure
- Achieve substantial progress toward Net Zero and sustainability goals
About The Ministry of Heavy Industries
The Ministry of Heavy Industries is responsible for formulating and implementing policies that enable the growth of India’s capital goods, automotive, and engineering sectors. The SPMEPCI scheme marks a bold policy leap to attract marquee EV brands and invest in the future of Indian mobility.
For further information and application, visit: https://heavyindustries.gov.in/scheme-promote-manufacturing-electric-passenger-cars-india.
REF: https://www.pib.gov.in/PressReleaseIframePage.aspx?PRID=2139145
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
