The initiative, spearheaded by the Ministry of Heavy Industries (MHI), marks a major push toward making India a global hub for EV production under the broader ‘Make in India’ and ‘Aatmanirbhar Bharat’ missions.
The portal, now live at spmepci.heavyindustries.gov.in, will remain open for submissions until 6:00 p.m. on October 21, 2025. The scheme, notified on March 15, 2024, with detailed guidelines released on June 2, 2025, aims to draw in major global automakers by offering policy support and strategic incentives, according to an official statement.
During the portal launch, Union Minister for Heavy Industries, H D Kumaraswamy highlighted the transformative potential of the scheme. He stated that the portal would open new opportunities for global electric vehicle manufacturers to invest in the country’s rapidly evolving automotive sector.
The scheme is expected to attract significant investments from global electric vehicle (EV) manufacturers and establish India as a key destination for EV production. By enhancing the country’s manufacturing ecosystem, it aims to place India firmly on the global EV map, generate employment opportunities, and advance the objectives of the “Make in India” initiative.
To incentivize participation, the scheme permits approved applicants to import Completely Built Units (CBUs) of electric four-wheelers—with a minimum CIF value of $35,000—at a reduced customs duty rate of 15% for a period of five years from the date of application approval.
Applicants must commit to a minimum investment of ₹4,150 crore, aligning with the scheme’s provisions. Designed with a strategic focus, the policy framework aims to position India as a global EV manufacturing hub by offering a favorable investment climate for both international and domestic players.
With structured customs duty incentives and clearly defined domestic value addition (DVA) targets, the scheme balances the introduction of advanced EV technologies with the development of local capabilities. These DVA requirements will further reinforce the goals of the ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives, encouraging collaborative progress in India’s green mobility transition.
