2026
Madhya Pradesh Electric Vehicle (EV) Policy
Madhya Pradesh’s Electric Vehicle Policy 2025 offers capital subsidies, road tax waivers, and charging infrastructure support for EV manufacturers, investors, and entrepreneurs. Sharda Associates prepares CA-certified DPRs and feasibility reports for EV businesses in MP seeking bank loans and state incentives. Starting at ₹2,999.
Introduction
Madhya Pradesh Electric Vehicle (EV) Policy
Madhya Pradesh’s Electric Vehicle Policy is one of India’s most comprehensive state-level EV frameworks—covering EV manufacturing incentives, EV charging infrastructure development support, purchase subsidies for EV buyers, and skill development for EV service technicians. For businesses planning to invest in EV manufacturing, EV charging networks, or EV component supply chains in MP, the policy provides a structured incentive package that significantly improves project viability.
Sharda Associates prepares Detailed Project Reports (DPRs) and feasibility reports for EV businesses seeking investment in Madhya Pradesh—including bank loan documentation, MPIDA land allotment support, and state incentive application assistance.
Narendra Modi
Prime Minister India
Dr. Mohan Yadav
Chief Minister Madhya Pradesh
Benefits
Key Features of MP EV Policy
EV Manufacturing Incentives
- MP’s EV Policy provides capital investment subsidy for EV manufacturing units — two-wheelers, three-wheelers, four-wheelers, and commercial vehicles. The subsidy framework includes:
- Capital subsidy: 15% of fixed capital investment (excluding land) for EV manufacturing units, up to ₹15 crore — consistent with the base MP Industrial Policy incentive
- Additional EV sector subsidy: Enhanced incentives for EV original equipment manufacturers (OEMs) and tier-1 component suppliers, including higher subsidy caps for large investments
- Stamp duty reimbursement: 100% reimbursement on land purchase and mortgage registration
- Electricity duty exemption: 5 to 10 years depending on HT connection voltage level
- Employment generation bonus: Additional subsidy component linked to number of direct jobs created
EV Battery Manufacturing and Recycling:
- Specific incentives for lithium-ion battery manufacturing, battery pack assembly, and battery recycling units in MP
- These supply chain segments attract the same capital subsidy as OEM manufacturing
EV Charging Infrastructure:
- Capital subsidy for setting up EV charging stations on National Highways, state highways, and in urban areas across MP
- Priority land allotment through MPIDA for EV charging hub development
- Single-window clearance for charging station establishment
EV Purchase Incentives for MP Residents
- Waiver of road tax on EV purchases registered in Madhya Pradesh
- Registration fee concession for EVs
- Priority under state government fleet electrification — government departments procuring EVs creates institutional demand for manufacturers
Business Opportunities
Business Opportunities Under MP EV Policy
For entrepreneurs and investors, MP’s EV Policy creates several actionable business opportunities:
- EV Charging Station Network: Establishing a network of EV charging stations across MP’s highway corridors and urban centres. Eligible for capital subsidy and land allotment support. Revenue from charging fees plus FAME II incentive compatibility.
- EV Two-Wheeler Manufacturing: MP’s central location, lower land cost, and skilled workforce make it suitable for EV two-wheeler assembly. Several established auto component clusters in Pithampur (Indore), Mandideep (Bhopal), and Malanpur (Gwalior) can supply components.
- EV Component Manufacturing: Motor assemblies, motor controllers, battery management systems, charging connectors — all components required by EV OEMs. Component manufacturing attracts same policy benefits as OEM production.
- EV Service and Repair Centres: As EV penetration grows in MP, skilled EV service centres are needed. The policy supports skill development for EV technicians. This is an MSME-scale opportunity accessible with Mudra or MSME term loan financing.
Investors
Eligible Investors & Investment Opportunities
- EV Manufacturers–Vehicle, battery, and component manufacturers.
- Charging Infrastructure Providers–Companies setting up charging and battery-swapping stations.
- Fleet Operators–Companies looking to switch commercial fleets to EVs.
- Logistics Providers – Businesses focusing on last-mile delivery and urban logistics.
- Public Transport Operators –Government and private transport services transitioning to electric buses.
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How Sharda Associates Helps EV Businesses in MP
- DPR for bank loan — CA-certified Detailed Project Report for EV manufacturing or charging station bank loan applications — accepted by SBI, PNB, Bank of Baroda, SIDBI, and all scheduled banks
- Feasibility report — pre-investment feasibility covering market demand, technology selection, location analysis, and financial projections for EV businesses in MP
- MPIDA application — complete land allotment application for EV manufacturing or charging hub projects
- State incentive application — documentation for MP EV Policy capital subsidy, stamp duty reimbursement, and electricity duty exemption
- FAME II application support — for EV charging station operators accessing central government FAME II scheme benefits
- CA-certified — accepted by SBI, PNB, Bank of Baroda, Canara Bank, SIDBI, and KVIC
- Starting at ₹2,999 · 24–48 working hours
- 45,500+ project reports delivered
📞 +91 89899 77769 | Bhopal, MP | All India service
FAQ
Frequently Asked Questions — MP EV Policy
MP's EV Policy provides 15% capital investment subsidy up to ₹15 crore for EV manufacturing units — consistent with the base MP Industrial Policy. Enhanced subsidy caps may apply for large OEM investments. Stamp duty reimbursement and electricity duty exemption are additional benefits.
Yes. EV purchases registered in Madhya Pradesh are eligible for road tax waiver under the MP EV Policy — reducing the effective purchase cost for consumers and improving EV demand in the state.
EV charging stations in MP can access capital subsidy, priority MPIDA land allotment, and single-window clearance. Central FAME II scheme benefits are also available for public charging infrastructure. Sharda Associates prepares DPRs for EV charging station projects seeking bank loans and MPIDA land.
Two-wheelers, three-wheelers, four-wheelers, commercial vehicles, EV components (motors, controllers, BMS, connectors), and battery manufacturing and recycling are all covered under the MP EV Policy incentive framework.
Sharda Associates prepares DPRs for EV manufacturing and charging station bank loans, feasibility reports, MPIDA land allotment applications, and state incentive documentation. Call +91 89899 77769 for a consultation.
Sharda Associates provides: CA-certified Detailed Project Reports for EV manufacturing and charging station bank loans, pre-investment feasibility reports covering technology selection and location analysis, MPIDA land allotment application documentation, MP EV Policy capital subsidy and stamp duty reimbursement application, FAME II scheme documentation for charging infrastructure, and business registration for the investing entity. Call +91 89899 77769 for a same-day consultation.
A: DPRs for EV manufacturing units and EV charging station projects at Sharda Associates start at ₹4,999 — delivered in 5 to 7 working days. The report covers technology selection, project cost estimate, MP EV Policy incentive linkage, 10-year financial projections, DSCR calculations, and bank-specific formatting for SBI, SIDBI, or IREDA as applicable. Call +91 89899 77769 for a specific quote based on your project type and scale.