Versuchen GOLD - Frei
Govt eases rules to speed up electric bus, truck rollouts
Mint New Delhi
|March 16, 2026
E-truck, bus makers allowed to import rare earth magnet traction motors till September 2026
-
This is the second time that rules for local manufacturing have been relaxed for electric buses and trucks.
India has allowed electric truck and bus makers to import rare earth magnet traction motors till September 2026 under the ₹10,900-crore PM E-Drive scheme, to ease component shortages and support early electric vehicle (EV) deployments.
This is the second time that rules for local manufacturing have been relaxed for these vehicle segments. Earlier in September 2025, the ministry of heavy industries had deferred the deadline till March 2026 to stop imports of this component under the scheme's sourcing rules.
In a 13 March notification, the government has allowed the use of imported traction motor sub-assemblies in electric trucks and buses till 1 September 2026.
PME-Drive, or Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement, scheme aims to promote electric mobility by subsidising electric vehicles and charging infrastructure.
Diese Geschichte stammt aus der March 16, 2026-Ausgabe von Mint New Delhi.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint New Delhi
Mint New Delhi
Seat rules: A stopgap
Ideally, the government should restrict its role in any sector to framing the policy under which all players must do business and leave pricing and other strategic decisions to participants.
1 min
March 19, 2026
Mint New Delhi
Consumer courts grapple with backlog
India’s consumer dispute redressal system is straining under rising caseloads, mounting vacancies and patchy infrastructure, even as a modern legal framework promises faster, more accessible justice, per the Consumer Justice Report 2026.
1 min
March 19, 2026
Mint New Delhi
Rupee ends at new low of 92.89 to US dollar
The rupee slumped 49 paise to close at a record low of 92.89 against the US dollar on Wednesday, weighed down by a stronger greenback and sustained foreign institutional investor (FII) outflows.
2 mins
March 19, 2026
Mint New Delhi
Bihar, UP shift wheat exports over land
The West Asia war is complicating India’s reentry into global wheat markets, but it is also redrawing trade routes in favour of its eastern heartland.
2 mins
March 19, 2026
Mint New Delhi
India joins push to cut remittance costs ahead of WTO ministerial meet
India has joined a group of developing economies in pushing for a global framework to reduce the cost of cross-border remittances, positioning the issue as a key development priority ahead of the 14th Ministerial Conference of the World Trade Organization scheduled in Yaoundé, the capital of Cameroon, later this month.
2 mins
March 19, 2026
Mint New Delhi
Persistent selling by FPIs to push Mar outflows to record
March could end up seeing record selling by foreign portfolio investors (FPIs) in India’s cash market if the current daily pace continues over the remaining eight sessions.
1 mins
March 19, 2026
Mint New Delhi
Walt Disney's GCC triggers revenue risk for Globant
Walt Disney Co.'s expected technology centre in Bengaluru raises questions over up to 9% of information technology (IT) outsourcer Globant S.A.'s revenue, underscoring a troubling shift in the software services sector as large clients bring back-end work in-house.
2 mins
March 19, 2026
Mint New Delhi
Centre to reward states for boosting use of piped gas
The Centre has offered to incentivize states with up to 10% more commercial liquefied petroleum gas (LPG) cylinders
1 mins
March 19, 2026
Mint New Delhi
A fillip for local solar wafers, ingots mfg
Use of these locally made goods a must for govt schemes from June 2028
2 mins
March 19, 2026
Mint New Delhi
Nazara to acquire two Spanish gaming firms
Nazara will buy Bluetile Games, BestPlay Systems for around $340 mn
2 mins
March 19, 2026
Listen
Translate
Change font size