ENA Sectors 2025-06-25 14:48:00 <p><span style="font-size:14px"><strong>New Delhi, Jun 25 (KNN) </strong>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.</span></p> <p><span style="font-size:14px">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. </span></p> <p><span style="font-size:14px">The minister emphasised that the initiative will support domestic manufacturing growth and job creation.</span></p> <p><span style="font-size:14px">The application portal will accept submissions from interested participants beginning June 24 through October 21, 2025. </span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">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. </span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">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. </span></p> <p><span style="font-size:14px">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.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42571 https://knnindia.co.in/news/newsdetails/sectors/india-launches-online-portal-for-electric-vehicle-manufacturing-incentive-scheme 2025-06-25 14:48:00 knnindia.co.in