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
6829 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
Ola Electric Allots 37 Crore Partly Paid-Up Shares Under Rights Issue
Autocar Professional Bureau
02 Nov 2026
The electric two-wheeler maker expands paid-up equity share capital to Rs 4,850.57 crore following allotment approval.
Bosch Board to Consider Stock Split
Autocar Professional Bureau
02 Nov 2026
The automotive component supplier adds capital restructuring proposals to consider during its November 6 board meeting.
Belrise Industries Partners With Japan’s Yamato for Intake Components
Dev Vadchhedia
02 Nov 2026
The auto component supplier secures technology license to manufacture air filters, oil filters, and resin intake manifol...
