SPMEPCI: Scheme to Promote Electric Passenger Car Manufacturing
Why in the news
The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) was highlighted by Union Minister H.D. Kumaraswamy as a step towards India’s clean mobility goals.
Key facts
| Feature | Detail |
|---|---|
| Full name | Scheme to Promote Manufacturing of Electric Passenger Cars in India |
| Minimum investment | ₹4,150 crore |
| Import concession | 15% customs duty on EV CBUs, minimum CIF USD 35,000, for 5 years |
| Focus | Domestic manufacturing, jobs, technology transfer |
Government vision
- Linked to the clean mobility mission under PM Narendra Modi.
- Seen as a step towards Net Zero by 2070, Make in India and Aatmanirbhar Bharat.
Impact
- Draws global EV makers to invest in India.
- Builds local value chains through Domestic Value Addition (DVA) targets.
- Boosts employment and the green mobility roadmap.
Exam angle
- Official portal: MHI.
- Minimum investment ₹4,150 crore; duty 15% for 5 years.