TAG: "rare earth-free motors import"

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MHI Extends Traction Motor Import Deadline to August 2026 Under PM E-DRIVE Scheme

The Ministry of Heavy Industries has relaxed localisation norms under the INR 10,900 crore PM E-DRIVE Scheme, allowing electric truck and bus manufacturers to import traction motors with rare-earth magnets until August 31, 2026.

Rare Earth-free Motors Import | March 17, 2026 | By Mrinmoy Dey 660

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