India To Assess Easing Auto Localisation Norms After Chinese Rare Earth Magnet Crisis

business india to assess easing auto localisation norms after chinese rare earth magnet crisis

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Due to China's export curbs on rare earth magnets, Indian automakers are requesting temporary relaxations of localization norms under the PLI-Auto and PM E-DRIVE schemes. Testing agencies will assess the implications of such changes on localisation levels and PLIs for manufacturers.

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