E-truck, e-bus makers to seek another exemption from localization norms due to non-availability of rare earth magnets
“At this point in time, major automotive hubs across the world are localizing their EV supply chains. And in India, too, this process is in progress, but may take more time, especially for rare earth magnets for e-trucks and e-buses,” said Amit Bhatt, India managing director of the International Council on Clean Transportation, a global think tank.
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