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    India Emerges as World’s Most Trusted Investment Destination: Union Minister of Commerce and Industry,Piyush Goyal at Citi India Conference 2026.

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    Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion.

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    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Dr. M. R. Jayaram, Chancellor, RISM, and other RISM members addressed a press meet organized on Monday, 1st June 2026 at the Ramaiah Institute of Science and Management, Bengaluru

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

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    Manipal Hospital Bhubaneswar Strengthens Robotic Orthopedic Care with 1000 Knee Replacement Successes.

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    IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era.

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    “Our vision is to make nutrition a standard feature in every kitchen, not a luxury.”-Mr. Jambulingappa Hosmani, MD, Panchamrutha Industries Pvt. Ltd

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    India Emerges as World’s Most Trusted Investment Destination: Union Minister of Commerce and Industry,Piyush Goyal at Citi India Conference 2026.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Cisco Unveils Agentic Platform for Operating and Defending Critical IT Infrastructure.

    Cathay Pacific announces plans to launch direct flights to Almaty.

    First flight of the Qantas A350-1000ULR (MSN 707) - © Airbus SAS 2026

    World’s longest-range aircraft, the Airbus A350-1000ULR takes to the skies.

    Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion.

  • National
    • All
    • Economy & Politics
    • Election

    CRICKETER OF THE CENTURY: A Prediction Before the World Took Notice

    PhysicsWallah fined ₹5 lakh and McAfee ₹1 lakh for practices affecting informed consumer choice.

    27-day Lalbagh Mango and Jackfruit Mela starts from June 4 in Bengaluru.

    SAP Labs India Unveils 2026 Startup Studio Cohort Focused on Enterprise AI and Deep-Tech Innovation.

    Dr. M. R. Jayaram, Chancellor, RISM, and other RISM members addressed a press meet organized on Monday, 1st June 2026 at the Ramaiah Institute of Science and Management, Bengaluru

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    ‘Education should not merely be a means of securing employment but also a powerful tool for character building.”-says Dr. C. N. Manjunath.MP.

  • Business

    India Emerges as World’s Most Trusted Investment Destination: Union Minister of Commerce and Industry,Piyush Goyal at Citi India Conference 2026.

    SAP Labs India Unveils 2026 Startup Studio Cohort Focused on Enterprise AI and Deep-Tech Innovation.

    Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion.

  • Health

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Dr. M. R. Jayaram, Chancellor, RISM, and other RISM members addressed a press meet organized on Monday, 1st June 2026 at the Ramaiah Institute of Science and Management, Bengaluru

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    PHOTO CREDIT-PHILIPS

    Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams

    “Our vision is to make nutrition a standard feature in every kitchen, not a luxury.”-Mr. Jambulingappa Hosmani, MD, Panchamrutha Industries Pvt. Ltd

    Dr Sunil Kumar Dash.

    Manipal Hospital Bhubaneswar Strengthens Robotic Orthopedic Care with 1000 Knee Replacement Successes.

  • Technology
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    • Science

    SAP Labs India Unveils 2026 Startup Studio Cohort Focused on Enterprise AI and Deep-Tech Innovation.

    Cisco Unveils Agentic Platform for Operating and Defending Critical IT Infrastructure.

    IIMC launches AI academy in Media & Entertainment to build future-ready AI capabilities in Indian Media

    IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era.

    FAO outlines urgent measures and policy recommendations to avert severe crisis within six to 12 months

    IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award .

  • Auto

    Audi announces third generation of the Q7.

    India’s First D+ SUV - MG MAJESTOR

    MG MAJESTOR 4X2 Automatic Top Trim Launched at INR 40.99 Lakhs(ex-showroom price)

    PHOTO CREDIT-HONDA

    Honda launches the New Honda City and marks India Debut of its Global Sporty Hybrid SUV All New ZR-V e:HEV.

  • Sports

    Praggnanandhaa Defeats Gukesh in All-Indian Clash, Enters Final Round in Title Hunt.

    CRICKETER OF THE CENTURY: A Prediction Before the World Took Notice

    Shriram Finance Limited - Padukone School of Badminton Logo

    Shriram Finance Announces Alliance with Padukone School of Badminton to Boost Grassroots Talent Across India

    PHOTO CREDIT-UNILEVER.

    Unilever launches largest sports partnership activation for FIFA World Cup 2026™

  • Entertainment

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

  • Lifestyle
    • All
    • Food
    • Travel

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    “Our vision is to make nutrition a standard feature in every kitchen, not a luxury.”-Mr. Jambulingappa Hosmani, MD, Panchamrutha Industries Pvt. Ltd

    Change in timings of ration distribution and fair price shops in Bengaluru.

    Barbeque Nation presents with Kenneth Gopinath.

    HCG Expands Oncology Presence with New Hebbal Hospital.

    Leaders, clinicians, and experts at Manipal Hospital Whitefield come together to celebrate a landmark achievement in robotic-assisted surgery, reflecting the hospital’s commitment to precision-led, minimally invasive care across multiple specialties.

    Manipal Hospital Whitefield Celebrates a Landmark Achievement in Robotic Surgery.

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India Opens Doors to Global EV Giants with Portal Launch under SPMEPCI

FWM by FWM
June 24, 2025
in Auto
0

Major Push for ‘Make in India’ as Electric Vehicle Manufacturing Gets Policy Backing
Application Portal Goes Live under Scheme to Promote Manufacturing of Electric Passenger Cars in India

 24 JUN 2025 1:13PM by PIB Delhi

The Ministry of Heavy Industries (MHI) is pleased to announce the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).

The scheme was notified vide notification dated 15th March 2024, and the detailed Scheme Guidelines were subsequently issued through Notification No. S.O. 2450(E) dated 02.06.2025. Both the Notification and the Guidelines are available on the Ministry’s official website:https://heavyindustries.gov.in/scheme-promote-manufacturing-electric-passenger-cars-india-0

In this context, Applications are invited from eligible applicants under the scheme and applicants can apply through the application module at spmepci.heavyindustries.gov.in. The application portal would be open for applications from 24th June 2025 10.30 a.m. and will remain open until 21st October 2025 till 6:00 p.m.

The Government of India, under the visionary leadership of Prime Minister Shri Narendra Modi, has approved a forward-looking scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). It is designed to firmly establish India as a premier global destination for automotive manufacturing and innovation.

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During the launch of the portal, Union Minister  H.D. Kumaraswamy said: “Guided by the visionary leadership of Prime Minister  Narendra Modi, this initiative marks a defining moment in India’s journey towards clean, self-reliant, and future-ready mobility. The launch of this portal under the SPMEPCI scheme opens new avenues for global electric vehicle manufacturers to invest in India’s rapidly evolving automotive landscape. This scheme not only supports our national commitment to achieving Net Zero by 2070, but also reinforces our resolve to build a sustainable, innovation-driven economy.It strengthens the pillars of ‘Make in India’ and ‘Aatmanirbhar Bharat’, and positions India as a trusted global hub for next-generation automotive manufacturing and technology leadership.”

The 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”.

To encourage the global manufacturers to invest under the Scheme, the approved applicants will be allowed to import Completely Built-in Units (CBUs) of e-4W with a minimum CIF value of USD 35,000 at reduced customs duty of 15% for a period of 5 years from the Application Approval Date.

Approved applicants would be required to make minimum investment of Rs. 4,150 crores in line with the provisions of the scheme.

The scheme is strategically crafted to position India as a global hub for electric vehicle manufacturing. With a minimum investment threshold of ₹4,150 crore, it provides an enabling policy environment for leading global and domestic players to establish long-term manufacturing footprints in the country. Through calibrated customs duty concessions and clearly defined domestic value addition (DVA) milestones, the scheme strikes a balance between introducing cutting-edge EV technologies and nurturing indigenous capabilities.

By mandating domestic value addition targets, the scheme will further boost the ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives, while empowering both global and domestic companies to become active partners in India’s green mobility revolution.

FWM

FWM

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