India Extends Localisation Deadline for EV Bus and Truck Motors Under PM E-Drive Scheme

The Indian government has extended the deadline by six months, until September 1, for electric bus and truck manufacturers to meet localisation requirements for traction motors under the PM E-Drive scheme. This extension allows continued import of traction motors using rare earth magnets amid global supply chain challenges and China's export restrictions. Analysts view the move as a pragmatic step to support the nascent electric commercial vehicle sector and prevent production delays while local manufacturing scales up.