TAG: "Rare Earth Magnet manufacturing scheme"

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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 Magnet Manufacturing Scheme | March 17, 2026 | By Mrinmoy Dey 660

Union Cabinet Approves INR 7,280 Crore Rare Earth Magnets Manufacturing Scheme

The Union Cabinet has approved an INR 7,280-crore scheme to build India’s first integrated manufacturing ecosystem for sintered rare earth permanent magnets, targeting 6,000 MTPA capacity through sales-linked incentives, capital subsidies, and a global bidding process for five manufacturers.

Rare Earth Magnet Manufacturing Scheme | November 27, 2025 | By Mrinmoy Dey 1457

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