PM E-Drive scheme to have phased manufacturing plan to push EV parts production
Prime Minister's E-DRIVE scheme will have a phased manufacturing programme (PMP) to support local manufacturing of electric vehicle (EV) components, officials said.
EV makers that source components locally will receive financial support under the scheme sans any domestic value addition mandate, they said.
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Only local assembly of parts to make an EV component will be mandatory for claiming eligibility under the scheme, but suppliers will be allowed to import parts, officials said. «There will be a PMP to ensure local manufacturing of EVs. Companies seeking subsidies under the scheme will be given six months to comply with the PMP from the date of scheme notification,» a senior government official told ET on condition of anonymity.
These companies will need to ensure assembly of components in India, the official said.
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