Archive · 24 Jun 2025
India Launches Portal to Boost Electric Vehicle Manufacturing
The Indian government has started a new program to encourage the making of electric vehicles (EVs) in India.
They've opened a website where companies can apply to get help.
The goal is to get more companies to build EVs in India.
Those companies can even import some ready-made EVs with lower taxes for a while.
They will also have to invest a lot of money.
The government hopes this will make India a big player in the EV world.
Government launched a portal for EV manufacturing scheme.
Applications for the scheme will be accepted from June 24 to October 21.
The scheme aims to attract investment and boost domestic EV production.
Approved applicants can import e-4W CBUs with reduced customs duty.
The scheme requires a minimum investment of Rs 4,150 crore.
- Who
- The Indian government and global EV manufacturers.
- What
- The government launched a portal to promote EV manufacturing under SPMEPCI scheme.
- When
- Application portal open from June 24 to October 21.
- Where
- India
- Why
- To boost domestic EV manufacturing and attract investments.
Global Investment
Domestic production
Market Dynamics
Global Investment
Encouraging Investment
Domestic production
Promoting indigenous capabilities
- Scheme Name
- SPMEPCI
- Application Period
- June 24 - October 21
- Reduced Customs Duty
- 15% for e-4W CBUs
- Minimum Investment
- Rs 4,150 crore
- Focus
- EV manufacturing
Sources
Over 21,000 Jobs In Audio Electronics Segment At Risk Due To China's Rare Earth Curbs: Elcina estimates
Samvardhana Motherson to Bosch: Experts bullish on these six auto stocks; here's why
India to incentivise domestic rare earth magnet production, plans to spend Rs 1000 crore: Report
Centre launches portal to promote EV car manufacturing, open till Oct 21
