Select Language

SPMEPCI Scheme: How It’s Boosting EV Manufacturing in India – Key Insights

The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) is a major step toward boosting EV adoption in India. For students preparing for SSC, PSC, NIFT, and other competitive exams, understanding such current affairs and government schemes is crucial for GK and interview rounds.

SPMEPCI Scheme: Attracting Foreign EV Investments
The SPMEPCI scheme, introduced by the Ministry of Heavy Industries (MHI), aims to encourage global automakers to invest in India’s EV sector. Here’s what you need to know:
Reduced Import Duty: Foreign automakers can import 8,000 EVs annually at just 15% duty (compared to 70-100%) if they invest ₹4,150 crore in local manufacturing.
Boost for New Players: Mercedes-Benz India CEO Santosh Iyer believes this will attract new foreign automakers who haven’t yet entered India.
Mercedes-Benz’s Role: The company has already invested ₹3,000 crore in its Chakan plant (Pune) and produces EVs locally.
Iyer called the scheme “forward-looking” but clarified it mainly benefits new entrants, not existing manufacturers like Mercedes.

Why is This Important for Exams?
Current Affairs: A hot topic for SSC, PSC, Banking, UPSC, and state-level exams.
GK & Interviews: Questions on EV policies, Make in India, and global investments are common.
Economic & Environmental Impact: Helps in essay writing and group discussions for NIFT, NID, and other entrance exams.

Sample Questions & Answers for Exam Prep
What is the full form of SPMEPCI?
Answer: Scheme to Promote Manufacturing of Electric Passenger Cars in India.
What is the reduced import duty under SPMEPCI?
Answer: 15% (compared to 70-100% earlier).
How many EVs can a company import under SPMEPCI annually?
Answer: Up to 8,000 EVs per year.
Which ministry introduced the SPMEPCI scheme?
Answer: Ministry of Heavy Industries (MHI).
What is Mercedes-Benz India’s investment in EV manufacturing?
Answer: ₹3,000 crore in its Chakan plant, Pune.

How to Smartly Prepare for Entrance Exams in Less Time?
Most Predicted Questions: MyEntrance.in provides highly probable questions based on previous years’ trends.
Last-Minute Prep: Our crash courses and quick revision notes help you cover maximum syllabus in minimal time.
Current Affairs & GK: Stay updated with daily news digests tailored for SSC, PSC, NIFT, and other exams.
For smart, efficient, and exam-focused preparation, trust MyEntrance.in – your one-stop solution for mock tests, study materials, and expert guidance!