The new portal, available at spmepci.heavyindustries.gov.in, will accept applications from eligible companies starting June 24, 2025, 10:30 a.m. until October 21, 2025, 6:00 p.m.
Major Boost for Make in India & EV Push
The SPMEPCI scheme, originally notified in March 2024, aims to place India among the top global electric vehicle (EV) manufacturing destinations. It aligns with the country’s twin goals of Net Zero by 2070 and Aatmanirbhar Bharat.
Minimum Investment, Maximum Impact
The scheme mandates a minimum investment of ₹4,150 crore from approved applicants. In return, companies can import up to a set number of Completely Built-up Units (CBUs) with a minimum CIF value of USD 35,000 at a reduced customs duty of 15% for five years.
This structured incentive approach offers a well-balanced path: immediate market access for EV giants, while simultaneously building India’s domestic manufacturing capacity through Domestic Value Addition (DVA) milestones.
Policy Backing for a Greener Future
During the portal launch, Union Minister Shri H.D. Kumaraswamy called the scheme a defining moment. “Under PM Modi’s leadership, we are strengthening the foundations of clean, future-ready mobility,” he said. He also emphasized the role of innovation and long-term investment in achieving sustainable growth.
The Minister added that the initiative would drive employment, facilitate technology transfer, and put India on the global EV map.
Open Invitation to Global EV Leaders
International automakers are being encouraged to explore India as a hub for EV innovation and production. The scheme ensures a predictable investment climate, regulatory clarity, and policy consistency—factors crucial for global partnerships.
Connecting with National Missions
SPMEPCI builds on India’s green mobility vision, complementing other major programs like:
- FAME-II Scheme (Faster Adoption and Manufacturing of Electric Vehicles)
- National Electric Mobility Mission Plan (NEMMP)
- Make in India and Aatmanirbhar Bharat
EV Ecosystem Set to Thrive
The scheme is expected to catalyze ecosystem development across battery manufacturing, component suppliers, EV R&D, and charging infrastructure. With clear policy guidance and market support, India is set to become a trusted global partner in electric mobility.
Conclusion
The launch of the SPMEPCI portal signals a clear message to the global EV industry: India is open for business and innovation. Backed by structured incentives and strong policy support, the scheme invites world-class manufacturers to co-create India’s electric future—one investment at a time.
