The Ministry of Heavy Industries (MHI) has invited global electric vehicle (EV) original equipment manufacturers (OEMs), including Tesla, to apply for the Scheme for Promotion of Manufacturing Electric Passenger Cars in India (SPMEPCI). However, Chinese car makers have not been invited.”Government of India will not be inviting applications from China,” Union Minister HD Kumaraswamy said.
The scheme excludes companies from countries sharing a land border with India. MHI has reached out to the embassies of countries with significant automobile manufacturing capacity to promote the scheme.
Applications for SPMEPCI are open for four months, the minister said.Companies must commit to investing ₹4,150 crore to set up electric car manufacturing in India. Approved applicants can import 8,000 completely built units (CBUs) per year at a 15% Customs duty for five years. The scheme applies to cars costing $35,000 and above.
The scheme excludes companies from countries sharing a land border with India. MHI has reached out to the embassies of countries with significant automobile manufacturing capacity to promote the scheme.
Applications for SPMEPCI are open for four months, the minister said.Companies must commit to investing ₹4,150 crore to set up electric car manufacturing in India. Approved applicants can import 8,000 completely built units (CBUs) per year at a 15% Customs duty for five years. The scheme applies to cars costing $35,000 and above.
Kamran Rizvi, Secretary at MHI, said, “We have had extensive discussions with 4-5 players and they are interested in applying for the scheme.”
He added, “All OEMs will be able to meet the net worth criteria. Giving three years to a foreign OEM to achieve 25% DVA and 5 years for 50% is a reasonable ask.”
Tesla, which has been invited, has so far only shown interest in setting up showrooms.
(Edited by : Vivek Dubey)
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