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India Invites Global EV Makers With New Portal Offering 15% Duty Cuts

Open until October 21, the portal lets approved firms import high-end EVs at a 15% tariff in return for major local investments

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Electric Vehicle Manufacturing
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Electric vehicles | Image: Shutterstock

Overview

  • The SPMEPCI application portal went live on June 24 and remains open until October 21, 2025.
  • Approved companies may import up to 8,000 electric passenger cars annually as completely built units valued at a minimum of $35,000 under a reduced 15% customs duty for five years.
  • Applicants must commit at least ₹4,150 crore in Indian manufacturing facilities and meet domestic value-addition targets of 25% within three years and 50% within five years.
  • The scheme excludes firms from countries sharing land borders with India to strengthen domestic supply chains and support Make in India objectives.
  • Tesla has expressed interest solely in selling vehicles through showrooms in India and has no plans to establish local production under the programme.