New Delhi: The lately introduced Prime Minister’s E-DRIVE scheme can have a phased manufacturing programme (PMP) to help native manufacturing of electrical car (EV) parts, officers mentioned.
EV makers that supply parts regionally will obtain monetary help underneath the scheme sans any home worth addition mandate, they mentioned.
Solely native meeting of elements to make an EV element shall be obligatory for claiming eligibility underneath the scheme, however suppliers shall be allowed to import elements, officers mentioned. “There shall be a PMP to make sure native manufacturing of EVs. Corporations searching for subsidies underneath the scheme shall be given six months to adjust to the PMP from the date of scheme notification,” a senior authorities official instructed ET on situation of anonymity.
These corporations might want to guarantee meeting of parts in India, the official mentioned.
The monetary help for electrical two-wheelers shall be halved to INR 5,000 per car from 2025-26, they mentioned.
For electrical three-wheelers, the subsidy shall be capped at INR 25,000 per car.
One other official mentioned manufacturing services of element suppliers shall be topic to checks to stop subsidy misuse.
The brand new scheme has a biannual inspection clause in-built to maintain a examine on EV makers.
The Centre authorized the PM Electrical Drive Revolution in Progressive Car Enhancement (PM E-DRIVE) scheme for 2 years with a INR 10,900 crore outlay, changing the Sooner Adoption and Manufacture of Hybrid and Electrical Autos (FAME) scheme in place since 2015.
The official mentioned the PM E-DRIVE may also subsume the Electrical Mobility Promotion Scheme 2024 which was introduced to subsidise EVs throughout the 2024 normal election. PM E-DRIVE, like its predecessor FAME, is aimed toward subsidising regionally manufactured autos.
However the earlier iteration was marred with cases of corporations promoting largely imported autos and wrongly availing subsidies. The federal government has tried to handle these issues within the new scheme via stringent checks.
