Big EV Reset: New rules could change how India builds electric trucks

[ad_1] This article is written by Vijay Kumar, Founder and CEO, Soove Manufacturing.The recent PMe-Drive notification has mandated deep localization of traction motors and controllers by September 26. This creates a structural shift in manufacturing, particularly for Tier-1 suppliers that rely on imported subsystems and materials such as advanced rare earth magnets. China’s ban on…

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Centre eases EV localisation norms, allows motor imports for e-buses and trucks

[ad_1] The Center has relaxed localization requirements under its Electric Vehicle Manufacturing Programme, which has faced component supply challenges for electric bus and truck makers. The move comes under the government’s Rs 10,900-crore PM E-DRIVE scheme, which aims to boost domestic EV production while strengthening the supply chain for key components. In a notification issued…

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