SCHEME TO PROMOTE MANUFACTURING OF ELECTRIC PASSENGER CARS

• SPMEPCI is a Ministry of Heavy Industries (MHI) scheme to attract global EV manufacturers to set up electric four-wheeler (e-4W) plants in India in exchange for reduced 15% import duty on CBU imports.
• Notified 15 March 2024; detailed guidelines on 02 June 2025; application window closed 21 October 2025 with zero applications received.
• UPSC relevance: case study on industrial policy design, Make in India, EV transition, and limits of incentive-led FDI attraction.