Follow us
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.
By Shahkar Abidi
6822 Views
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 ...
RELATED ARTICLES
Suzuki Edges Past Honda to Become Japan's Second-Largest Automaker by Global Sales
Autocar Professional Bureau
31 Oct 2026
A surge in India lifts Suzuki to a record half-year, while Toyota posts its first fiscal first-half decline in two years...
Studds Accessories Q2 Revenue Up 19%, Profit Falls 28% as Costs Outpace Sales
Arunima Pal
31 Oct 2026
Studds’ sales climb 19% on strong helmet demand, but a 28% drop in quarterly profit shows how costly growth has become.
Atul Auto Q2 Consolidated Revenue Jumps 34%, Profit Slips 17% as Costs Climb
Arunima Pal
31 Oct 2026
Atul Auto’s three-wheeler volumes surge 29% and revenue climbs 34%, but rising material and operating costs cut quarterl...
