India's leading electric bus and truck manufacturers are seeking a one-year extension, until March 2027, to import rare earth magnet motors under the PM-E Drive scheme. This request stems from persistent supply disruptions and the anticipated one-to-two-year timeline for local production of these magnets and alternative motor technologies. Companies like Tata Motors and Ashok Leyland are considering this extension as current import relaxations were set to expire in March 2026.