Latest news with #MinistryofHeavyIndustries
Hans India
an hour ago
- Automotive
- Hans India
Centre launches new scheme to make India global hub for making electric cars
New Delhi: The government on Monday notified guidelines for its forward-looking scheme to enable fresh investments from global manufacturers in the electric cars segment and promote India as a global manufacturing hub for e-vehicles. To encourage global manufacturers such as US tech giant Tesla to invest under the scheme, the approved applicants will be allowed to import completely built-in units (CBUs) of electric four-wheelers with a minimum CIF (cost insurance and freight value) of $35,000 at reduced customs duty of 15 per cent for a period of 5 years from the date that the application is approved. . Approved applicants would be required to make a minimum investment of Rs 4,150 crore in line with the provisions of the scheme. The maximum number of e-4Ws allowed to be imported at the reduced duty rate will be capped at 8,000 units per year. The carryover of unutilised annual import limits would be permitted. According to the notification, the maximum number of EVs to be imported under this scheme will be such that the maximum duty foregone per applicant will be limited to Rs 6,484 crore, or the committed investment of the applicant of a minimum of Rs 4,150 crore, whichever is lower. The Standard Operating Procedure (SOP) issued under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component (PLI Auto Scheme) would be followed to assess the DVA of the eligible product as required under the scheme. Certification of DVA of an eligible product manufactured in India by the approved applicant would be done by testing agencies approved by the Ministry of Heavy Industries. Investment should be made for the domestic manufacturing of the eligible product. In case the investment under the scheme is made on a brownfield project, a clear physical demarcation with the existing manufacturing facilities should be made, the notification states. Expenditure incurred on new plant, machinery, equipment and associated utilities, and engineering research and development (ER&D) would be eligible. The expenditure incurred on land will not be considered. However, buildings of the main plant and utilities will be considered as part of the investment provided it does not exceed 10 per cent of the committed investment, the notification further states. Expenditure incurred on charging infrastructure would be considered up to a maximum of 5 per cent of the committed investment, it explains. The applicant's commitment to set up manufacturing facilities, achievement of DVA, and compliance with conditions stipulated under the scheme shall be backed by a bank guarantee from a scheduled commercial bank in India equivalent to the total duty to be forgone, or Rs 4,150 crore, whichever is higher, during the scheme period. The bank guarantee should be valid at all times during the tenure of the scheme, the notification added. The scheme shall help to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles. The scheme will also help put India on the global map for manufacturing of EVs, generate employment and achieve the goal of 'Make in India', according to the official statement. This landmark initiative is aligned with India's national goals of achieving net zero by 2070, fostering sustainable mobility, driving economic growth, and reducing environmental impact. It is designed to firmly establish India as a premier global destination for automotive manufacturing and innovation, the statement added.
Time of India
2 hours ago
- Automotive
- Time of India
India to open flagship EV making policy to lure global giants
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India is set to open applications for its flagship policy offering lower import duties to global electric vehicle makers in exchange for manufacturing in India, people familiar with the matter policy, that was announced in March 2024, offers to slash duty to 15% on any imported electric car priced from $35,000 if they invest at least 41.5 billion rupees, or about $500 million, to set up a local plant within three years. Up to 8,000 cars yearly can be imported at this reduced for this may open as early as this month and extend till March 15 next year, according to people familiar with the discussions who did not want to be third-largest Asian economy is seeking to lure EV makers like Elon Musk-led Tesla Inc., which is gearing up to start selling its cars to India after criticizing the country's high duties regime for years. India is still a market hotspot for EVs while demand is mellowing in other parts of the world. The new policy, if it draws industry giants, will also intensify competition for local automakers who currently dominate the EV the broad outline is in line with what was announced last year, the people added that certain conditions have been tightened now with the Narendra Modi government to weed out non-serious has increased financial eligibility, mandating minimum revenue requirement of 50 billion rupees in the fourth year and 75 billion rupees a year later for any applicant approved under the policy. Those falling short will face a penalty of up to 3% on the revenue Ministry of Heavy Industries did not immediately respond to an email seeking comments.
New Indian Express
2 days ago
- New Indian Express
Hoax bomb scare at Delhi's Udyog Bhawan, Nirman Bhawan
NEW DELHI: Udyog Bhawan and Nirman Bhawan, two key government buildings in central Delhi, were the target of hoax bomb threat emails on Friday. The emails, which contained threats related to suicide Improvised Explosive Devices (IEDs), were reportedly sent to a senior bureaucrat at the Ministry of Heavy Industries, according to officials. The emails were received at 6:49 am. The fire department officials said they were alerted to the threat at 1:01 pm. Upon receiving the warning, they immediately dispatched teams to the locations. The threat, which instructed the evacuation of the buildings by 3:15 pm, was flagged by the offices of the Secretary of Heavy Industries at Udyog Bhawan and officials at Nirman Bhawan to relevant security agencies, including Delhi Police, the Central Industrial Security Force (CISF) and Delhi Fire Services (DFS). A thorough search operation was carried out at both locations, lasting for approximately four hours, but no suspicious objects were found. The operation involved a dozen sniffer dogs and four bomb detection and disposal teams from CISF, Delhi Police and Delhi Metro. Authorities are suspecting that the hoax may have been sent from Amsterdam.
India Today
3 days ago
- Politics
- India Today
Bomb threat at Delhi's Udyog Bhawan, security forces on alert
An alert was issued at Udyog Bhawan in New Delhi on Friday after a threatening email warned of a possible bomb attack using IEDs (Improvised Explosive Devices).The mail, addressed to the Secretary of the Ministry of Heavy Industries, claimed that suicide IEDs would be used inside the Udyog Bhawan the threat, the Union Secretary issued a letter to the CISF (Central Industrial Security Force) Assistant Commandant, directing the force to take immediate and appropriate action. The building was asked to be evacuated as Security has been stepped up in and around the area, and officials are taking all necessary a bomb threat call was also received by the Chandigarh Police on Friday, triggering a high alert around the Haryana Chief Minister's office and other key government to sources, the caller threatened to blow up the Haryana Chief Minister's office, prompting immediate action by law enforcement has been tightened at the Haryana Secretariat and the Chief Minister's residence. Bomb disposal squads, along with heavily armed personnel, were seen conducting searches in and around both locations as a precautionary are working to trace the source of the threat call. As of now, no suspicious object has been found, but the situation is being closely
India Today
3 days ago
- Automotive
- India Today
Charging ahead: EVs zoom in India with more public charging stations
Electric vehicles in India are gaining pace, supported by strong government initiatives. The Ministry of Heavy Industries launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme in September 2024 to boost EV adoption, expand charging infrastructure, and develop the domestic EV manufacturing sector. The scheme has a budget of Rs 10,900 crore over two years, from October 2024 to March 2026, with Rs 2,000 crore earmarked specifically for setting up public EV charging stations upDelhi leads the country in electricity consumption for EV charging. According to the Central Electricity Authority, India consumed 763 million units of electricity at EV charging stations between April 2024 and February 2025. Delhi alone accounted for 40.1 per cent of that. Maharashtra and Karnataka followed with 192.3 and 64.7 million units, respectively, while Gujarat ranked fourth. Combined, these four states represent over 80 per cent of the nation's electricity use for EV charging. From 2017 to 2024, India has witnessed a steady rise in the number of publicly available EV charging points, both slow and fast, as highlighted in the International Energy Agency's Global EV Outlook 2024 report. In 2017, the country had only 220 slow chargers. By 2024, this number surged to 47,000. Slow chargers usually take 6–8 hours to charge cars and are mostly used at homes or workplaces. Fast charging points, on the other hand, grew in number from just 25 in 2018 to 28,000 in 2024. Projections indicate that by 2030, India will have over two lakh publicly available slow chargers and nearly 1.6 lakh fast availability of public EV charging stations varies widely across states. Delhi has 8.8 charging stations per lakh people, Karnataka has 8.4, and Goa has 8.6. However, Maharashtra only has 2.9 charging stations per lakh people, Rajasthan 1.4, and Gujarat like Bihar, Jharkhand, and West Bengal also have inadequate charging facilities relative to their population size. On average, there are only 1.8 public EV charging stations per lakh people across the IndiaIndia's EV shift is already delivering environmental dividends. As per PM E-DRIVE data, current EV usage in India saves approximately 15.5 lakh litres of fuel daily, while reducing daily carbon dioxide emissions by over 22.6 lakh Watch
