Overview

• The scheme grants a five-year, 15 per cent customs duty concession for up to 8,000 imported electric cars annually, with unused quotas carried forward.
• Applicants must commit at least ₹4,150 crore to build domestic manufacturing facilities and achieve 25 per cent local value addition in three years and 50 per cent in five.
• Mercedes-Benz, Volkswagen-Škoda, Hyundai and Kia have already signaled formal interest in participating under the new regulations.
• Tesla will focus on opening showrooms in Mumbai and importing Model 3 and Model Y units rather than establishing a local factory.
• The online application window is scheduled to open within one to two weeks and will stay active for at least 120 days.