India Launches Portal for Global EV Manufacturers under SPMEPCI

The Ministry of Heavy Industries has launched an application portal for the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI), aimed at attracting global electric vehicle manufacturers. The scheme, which supports the 'Make in India' initiative, allows approved applicants to import electric vehicles at reduced customs duties and mandates a minimum investment of ₹4,150 crores. The initiative is part of India's commitment to becoming a global hub for electric vehicle manufacturing and achieving Net Zero by 2070.

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