Photos used only for representation purposes. | Photo Credit: Hind
The Center on Monday (June 2, 2025) announced instructions to support domestic electric cars and offer a discounted import obligation of 15% on completely built units on the daily Minister of the HD Kumaraswama trade unions stated
Detailed instructions for “Scheme to support the production of electric cars in India” (Spmepci) come 15 months after the government first announced its import policy. Notifications of inviting applications within the system will soon be announced.
“Tesla … they have more (interested) just to start showrooms. They are not interested in (beginning) production in India,” Mr. Kumaraswamy told journalists during the start of the instructions.
The scheme allows manufacturers to import the import of completely built -in units (CBU) with a minimum cost insurance value of $ 35,000 for a reduced customs duty for 15% for five years from the date of the application approval. The maximum number of electric wheels, which is allowed to import in reduced customs tax, will be limited to 8,000 units per year. The government system allows unused annual imports to be transferred by next year.
In departure from the 2024 policy version, the government also allowed brownfield investments after the protests of Indian manufacturers, such as Maruti Suzuki India and Tata Motors.
(With PTI inputs)
Published – 2 June 2025 20:31 is
