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
6430 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
Tunwal E-Motors FY26 Revenue Jumps 55% to Rs 276.84 Crore; PAT Rises 57%
Arunima Pal
02 Jun 2026
Electric two-wheeler maker reports Rs 12.73 crore FY26 profit as expansion in dealer network and Tier II-III markets dri...
Moody's Maintains Negative Outlook for Global Automotive Industry on Slowing Growth and Tariff Uncertainties
Dev Vadchhedia
02 Jun 2026
The credit ratings agency forecasts flat light vehicle sales near 9.23 crore units globally and warns of persistent marg...
Inside Ultra Gas & Energy's Plans To Scale LNG Refuelling network
Kiran Murali
02 Jun 2026
With an investment of Rs 900 crore, Essar’s Ultra Gas & Energy is targeting a network of 100 LNG stations by 2029.
