India Open to Easing EV Rules as China's Rare Earth Curbs Bite

India has advised automakers to import fully-built motors or assemblies to get around curbs in the short term

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NEW DELHI: India is amenable to relaxing the 50 per cent localisation it expects from electric vehicle makers and suppliers in return for incentives, after China's curbs on rare earths exports put the goal in doubt, according to people familiar with the matter, Bloomberg reported.

Although the Society of Indian Automobile Manufacturers (SIAM) is yet to make a formal plea for paring the requirement, the industry body's members have flagged the need in various consultations with the government, said the people, who asked not to be named because the discussions are private.