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Shri H. D. Kumaraswamy
Hon'ble Minister
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Shri Bhupathiraju Srinivasa Varma
Hon'ble MOS
Shri H. D. Kumaraswamy
Hon'ble Minister
Shri Bhupathiraju Srinivasa Varma
Hon'ble MOS
To have a globally competitive, green & technology-driven heavy industry manufacturing sector, including automotive and capital goods sectors,which propels growth and job creation.
To facilitate Auto, Heavy Electrical & Capital Goods Sectors to be globally competitive, growth oriented and profitable and to provide all necessary support to CPSEs to improve their overall performance.
In a significant move aimed at revolutionizing the electric vehicle (EV) landscape in India, Government of India has approved the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) on March 15th, 2024. This marks a pivotal moment in India's journey towards sustainable mobility and economic growth.
Government has approved Phase-II of FAME Scheme with an outlay of Rs. 10,000 Crore for a period of 3 years commencing from 1st April 2019. Out of total budgetary support, about 86 percent of fund has been allocated for Demand Incentive so as to create demand for xEVs in the country.
Ministry of Finance, Government of India has provided the concessional rateGoods and Services Tax (GST) on Cars for Persons with Disabilities (PWD) vide SlNo. 400 of Notification no. 1/2017-Integrated Tax (Rate) dated 28th June, 2017(amended from time to time).
The Production Linked Incentive (PLI) Scheme for Automobile and Auto components proposes financial incentives to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain.
Production Linked Incentive (PLI) scheme, ‘NATIONAL PROGRAMME ON ADVANCED CHEMISTRY CELL (ACC) BATTERY STORAGE’ is for implementation of giga-scale ACC manufacturing facilities in India.
The Government of India through Ministry of Heavy Industries had launched a scheme for “Enhancement of Competitiveness in the Indian Capital Goods Sector” in November 2014. The objective of the Scheme was to address the various constraints faced by the sector.
On January 25, 2022, the Ministry of Heavy Industries (MHI) has notified the Scheme on Enhancement of Competitiveness in The Indian Capital Goods Sector- Phase-II for providing assistance to Common Technology Development and Services Infrastructure.
