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September 30,2024

India's New Localization Norms for Electric Vehicles Announced

India plans to implement stricter localization norms for EV manufacturers and public charging stations by April 2025, according to a draft regulation. This initiative requires OEMs to locally source key components to qualify for government subsidies under the PM e-DRIVE program. The new guidelines aim to reduce imports and promote domestic manufacturing while addressing previous subsidy issues.

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