Ministry of Heavy Industries


Government of India


भारी उद्योग मंत्रालय, भारत सरकार

About the Scheme


The Government of India vide notification S.O. No. 1363(E) dated 15th March 2024 has notified the Scheme to Promote Manufacturing of Electric Passengers Cars in India (SPMEPCI). This scheme shall help to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles. The scheme will also help put India on the global map for manufacturing of EVs, generate employment and achieve the goal of "Make in India.

Department of Revenue, Ministry of Finance, also issued notifications nos. 19/2024-Customs & 20/2024-Customs dated 15th March 2024 for reduced import duties in line with the provisions of the Scheme.

Key Scheme Highlights

  • Minimum investment

    The approved applicants will setup manufacturing facilities in India with a minimum investment of Rs.4,150 crore (USD 500 million), for manufacturing of e-4W.

  • Operational Timelines for Manufacturing facility

    The manufacturing facility shall be made operational within a period of 3 years from the date of issuance of approval letter by MHI and achieve minimum DVA of 25% within the same period.

  • Domestic Value Addition (DVA)

    The approved applicant will be required to achieve minimum DVA of 50% within a period of 5 years from the date of issuance of approval letter by MHI

  • Duty Benefits

    Under this scheme, EV passenger cars (e-4W) can initially be imported with a minimum CIF value of USD 35,000, at a duty rate of 15% for a period of 5 years from the date of issuance of approval letter by MHI. The maximum number of e-4W allowed to be imported at the aforesaid reduced duty rate shall be capped at 8,000 nos. per year. The carryover of unutilized annual import limits would be permitted