Big EV Reset: New rules could change how India builds electric trucks
India's PM E-DRIVE scheme mandates deep localization of electric truck traction motors and controllers by September 2026. This policy shift, particularly concerning rare earth magnet imports from China, poses significant risks for Tier-1 suppliers, including supply chain disruptions, cost escalations, and production delays, forcing a manufacturing transformation.
India's PM E-DRIVE scheme mandates deep localization of electric truck traction motors and controllers by September 2026. This policy shift, particularly concerning rare earth magnet imports from China, poses significant risks for Tier-1 suppliers, including supply chain disruptions, cost escalations, and production delays, forcing a manufacturing transformation.
