India Launches Online Portal For Electric Vehicle Manufacturing Incentive Scheme

(MENAFN- KNN India) New Delhi, Jun 25 (KNN) The Ministry of Heavy Industries launched an online application portal on June 24 for a scheme designed to encourage electric vehicle manufacturing in India as part of broader efforts to strengthen domestic production capabilities.

Heavy Industries Minister HD Kumaraswamy announced the launch of the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) through social media, describing it as a significant step toward establishing India as a global electric vehicle manufacturing hub.

The minister emphasised that the initiative will support domestic manufacturing growth and job creation.

The application portal will accept submissions from interested participants beginning June 24 through October 21, 2025.

The scheme, which was officially notified on June 2, targets investments from international electric vehicle manufacturers while positioning India as a preferred manufacturing destination for electric vehicles.

According to the minister's statement, the scheme aligns with India's commitment to achieving Net Zero emissions by 2070 and supports the development of a sustainable, innovation-driven economy.

The initiative reinforces the government's 'Make in India' and 'Aatmanirbhar Bharat' self-reliance programs while establishing India as a center for next-generation automotive manufacturing and technological advancement.

The policy framework includes duty reductions of up to 15 percent on imported electric vehicles, with eligibility extending to up to 8,000 electric cars annually priced from Rs 30 lakh.

To qualify for these benefits, manufacturers must commit to investing a minimum of Rs 4,150 crore in establishing local production facilities within three years of entering the Indian market.

(KNN Bureau)

MENAFN25062025000155011030ID1109723885