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Image Source : Energyinfra market Screenshot 2024 07 03 173736

New EV Manufacturing Rules Mandate Domestic Production


Last Update 26 July 2024

The Ministry of Heavy Industries proposes reducing FAME-III’s PMP components from 18 to 12, requiring stricter local sourcing for EV parts. Imports are restricted for batteries, onboard chargers, and control units. EV makers are concerned about mandatory domestic PCB production due to limited local supply.

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