India Opens EV Car Manufacturing Scheme Application Portal

26 Jun 2025 CW Team

The Ministry of Heavy Industries (MHI) has launched the application portal for the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI), inviting eligible applicants to participate in India’s ambitious electric vehicle (EV) manufacturing initiative. The application window will remain open from 24 June 2025 at 10:30 a.m. to 21 October 2025 at 6:00 p.m. via spmepci.heavyindustries.gov.in.

The Rs 41.5 billion scheme, approved by the Government of India under the leadership of Prime Minister Narendra Modi, aims to attract investments from global EV manufacturers, drive innovation, and firmly position India as a global hub for electric four-wheeler production.

Investment incentives and policy support

To encourage investment, approved applicants will be permitted to import Completely Built Units (CBUs) of electric four-wheelers with a minimum CIF value of USD 35,000 at a reduced customs duty of 15 per cent for five years. However, participating firms must commit to a minimum investment of Rs 41.5 billion and meet clearly defined Domestic Value Addition (DVA) milestones over the project lifecycle.

Union Minister H.D. Kumaraswamy said the scheme is “a defining moment in India’s clean, self-reliant and future-ready mobility journey,” aligning with the country’s Net Zero by 2070 targets while supporting the ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives.

Long-term goals

The SPMEPCI scheme offers a calibrated blend of policy incentives and localisation mandates to foster sustainable, high-tech manufacturing in the EV space. It is designed to boost employment, strengthen India’s industrial base, and reduce dependency on fossil fuel-driven transport systems.

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..