Electric Vehicle Policy 2018
(In Mahatashtra)
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Under Electric Vehicle Policy 2018 state government provides tax and non-tax benefits to promote EV manufacturing in Maharashtra. The benefits are available up to a maximum period of 10 years and are linked to the amount invested in land, building, machinery, etc.
Benefits of Electric Vehicle Policy, 2018
Reduce Working Capital Cost
Reduce Borrowing Cost
Other Operational Benefits
Promotion to Save Environment
Eligibility Criteria for Electric Vehicle Policy, 2018 in Maharashtra
The unit should be situated in the state of Maharashtra.
This scheme is restricted to :
Electrical vehicle manufacturing unit
Electrical vehicle component manufacturing unit
Electrical vehicle battery manufacturing or battery assembly unit
Electrical battery charger manufacturing unit
Documents Required for Electric Vehicle Policy, 2018 in Maharashtra
Sale deed/ Lease rent agreement
Building construction estimate
Power sanction letter
First 3 purchases, sales and electricity bills
Project Report
Bank loan sanction letter
Building plan approval
Maharashtra Pollution Control Board consent to establish and consent to operate etc.
Additional Details required for Application :
Trade Name, Date of Commencement and Nature of Business
Type of Entity (New/Existing)
Contact number & Email Id
FAQ on Electric Vehicle Policy, 2018 in Maharashtra
Q. How are benefit made available under Electric Vehicle Policy 2018 ?
Benefits are provided under PSI 2019 in the form of tax and non-tax benefits with some additional benefits as prescribed under Electric Vehicle Policy 2018.
Q. What is the quantum of Subsidy ?
It provides benefits up to 100% which are directly linked to the investment in land, building, machinery, etc over a period of 10 years. It also provides some additional benefits as prescribed under Electric Vehicle Policy 2018.
Q. In what form the benefits are received ?
The eligible benefits are received uniformly over a period of 10 years which comprises stamp duty exemption, interest subsidy, power tariff subsidy, SGST reimbursement etc. Other benefits as prescribed under Electric Vehicle Policy 2018.
Q. What are additional benefits in EV Policy 2018 ?
The quantum of benefits received In EV policy under PSI 2019 is more than other manufacturing unit under PSI 2019.
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