Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI)
Ministry of Heavy Industries issued detailed guidelines on 2 June 2025 for the SPMEPCI scheme to attract global EV manufacturers to India. Key Points: • Scheme notified: 15 March 2024; Guidelines issued: 2 June 2025 • Minimum investment commitment: ₹4,150 crore within 3 years • Reduced customs duty of 15% on CBU electric 4-wheelers for 5 years • Minimum CIF value of imported EVs: USD 35,000 • Eligibility: Global auto group revenue >= ₹10,000 crore • Global fixed asset investment >= ₹3,000 crore • Application portal opened: 24 June 2025 (spmepci.heavyindustries.gov.in) • Mandated milestones for domestic value addition • Supports Make in India and Aatmanirbhar Bharat
- SPMEPCI scheme notified 15 March 2024 with detailed guidelines issued 2 June 2025 to attract global EV manufacturers to India
- Minimum investment commitment of ₹4,150 crore within 3 years; reduced customs duty of 15% on CBU electric 4-wheelers for 5 years
- Minimum CIF value of imported EVs: USD 35,000; eligibility requires global auto group revenue of ₹10,000 crore or more
- Global fixed asset investment requirement of ₹3,000 crore or more for qualifying manufacturers
- Application portal opened 24 June 2025 at spmepci.heavyindustries.gov.in with mandated milestones for domestic value addition
- Supports Make in India and Aatmanirbhar Bharat objectives; Ministry of Heavy Industries is implementing ministry
What is the SPMEPCI scheme?
It is the Scheme to Promote Manufacturing of Electric Passenger Cars in India, notified on 15 March 2024 by the Ministry of Heavy Industries. Detailed guidelines were issued on 2 June 2025 to attract global EV manufacturers.
What is the minimum investment commitment under SPMEPCI?
Approved applicants must commit a minimum investment of Rs 4,150 crore within 3 years. The scheme is aligned with Make in India and Aatmanirbhar Bharat objectives.
What customs duty concession does SPMEPCI offer?
The scheme offers a reduced customs duty of 15% on CBU electric 4-wheelers for 5 years. The minimum CIF value of imported EVs eligible for this concessional rate is USD 35,000.
What are the eligibility criteria for global automakers under SPMEPCI?
Applicants must be part of a global auto group with revenue of at least Rs 10,000 crore and global fixed asset investment of at least Rs 3,000 crore to qualify under the SPMEPCI scheme.
When did the SPMEPCI application portal open?
The application portal at spmepci.heavyindustries.gov.in opened on 24 June 2025. The scheme also mandates milestones for domestic value addition by participating manufacturers.
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