100 per cent domestic content for key EV components

The Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement (DCR) for 18 electric vehicle (EV) components across two-wheelers, three-wheelers, and e-buses. This requirement must be met for manufacturers to qualify for subsidies under the PM E-Drive programme. The phased manufacturing programme (PMP) eligibility criteria have been updated to ensure that original equipment manufacturers (OEMs) produce these components locally. The PM E-Drive initiative, with an outlay of Rs 109 billion, aims to…