India's government has relaxed localization rules under the PM E-DRIVE Scheme, allowing electric vehicle manufacturers to import traction motors with rare-earth magnets until August 31. This change ...
The Centre has eased localisation rules for electric bus and truck manufacturers under the PM E-DRIVE Scheme, extending the ...
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Tata Motors, Ashok Leyland among biggest beneficiaries of EV motor localisation deadline extension
Tata Motors and Ashok Leyland benefit from extended EV motor localisation deadline, aiding domestic manufacturing and vehicle deployment.
This comes at a time when demand for electric trucks and buses has risen in 2025. In 2025, sales of electric buses rose 22% from a year earlier to 4,408 units. So far this year, more than 1,100 units ...
The Indian government has extended localisation requirements by six months for electric truck and bus manufacturers under the ...
The BaaS model remains relatively new in the Indian passenger vehicle market but is drawing interest from buyers seeking ...
As per the eligibility criteria of the auto PLI scheme, an OEM must have a minimum global group revenue of ₹10,000 crore and ...
Euler Motors, a leading electric vehicle start-up, calls for changes to India's automotive PLI scheme. Current high revenue and investment thresholds exclude promising companies like Euler Motors.
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