Ministry of Heavy Industries Notifies Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) | Current Affairs | Vision IAS
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Ministry of Heavy Industries Notifies Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI)

Posted 03 Jun 2025

1 min read

Key Highlights of the Scheme

  • Objective
    • Boost domestic manufacturing of electric passenger cars (e-4W) in India.
    • Establish India as a global hub for automotive innovation and manufacturing.
  • Eligible Projects:  Expenditure incurred on new Plant, Machinery, Charging Infrastructure, Equipment and associated utilities across India. 
    • Expenditure made on second hand/ refurbished plant, machinery etc., will not qualify
  • Eligibility for Applicants
An image showing eligibility for Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI)
  • Benefits to Applicants:
    • Customs Duty Concessions: Concession upto 5 years linked to meeting domestic value addition (DVA) milestones.
    • Import Benefits: Allowed to import fully-built electric cars or CBUs (a vehicle that is completely assembled) with certain conditions.
  • Obligations for the Applicant
    • Approved applicants must set up an e-4W manufacturing facility in India and it must be operational within 3 years from approval.
    • Minimum investment: ₹4,150 crore.
    • DVA Targets: Minimum 25% DVA by 3 years and 50% by 5 years.
    • Mandatory Bank Guarantee: Applicant’s commitment to setup manufacturing facility(ies) and achievement of DVA shall be backed by a bank guarantee from a scheduled commercial bank in India. 
An image showing details about India's automative sector.
  • Tags :
  • Ministry of Heavy Industries
  • EV
  • PLI
  • Automative Sector
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