EXCLUSIVE: Nine months on, India's SMEC policy for electric car manufacturing remains stalled
Key elements of the scheme, including the formation of an inter-ministerial sanctioning committee, are still pending.
India's much-anticipated new EV policy is caught in a curious state of limbo, it seems; awaiting clarity about the fate of the Scheme to Promote Manufacturing of Electric Passenger Cars (SMEC) policy. This scheme, designed to make India as a global EV hub, was unveiled with much fanfare in mid-March this year, but its operational guidelines remain elusive, even after nearly nine months. The delay has cast a pall of uncertainty over the entire EV sector, leaving industry players anxiously awaiting a definitive roadmap.
The Ministry of Heavy Industries, in a response to Autocar Professional obtained via a Right to Information (RTI) query, stated that key elements of the scheme—including the formation of an inter-ministerial sanctioning committee —are still pending.
Until ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
IKEA Introduces First Heavy-Duty Electric Truck on Public Roads in India
IKEA Supply and BLR Logistiks have introduced a heavy-duty electric truck on public roads in India, aiming to improve tr...
Tata Motors Reclaims No. 2 Title in Retail Car Market After 7-Month Gap
In February, Mahindra overtook both Tata Motors and Hyundai, briefly breaking the long-standing Maruti–Hyundai duopoly a...
Hero MotoCorp Leads FY25 2-Wheeler Retail Sales; Market Share Dips
Hero MotoCorp’s market share declined to 28.84% during 2024–25 from 30.79% in 2023–24, while Honda Motorcycle and Scoote...