New Delhi, Oct. 5 -- The Union government has over the past decade introduced multiple policy initiatives to support the manufacturing and adoption of electric vehicles. While the names of the schemes, their targets, and budgetary allocations have changed, one thing has remained constant-the presence of a phased manufacturing programme, or PMP.
The PMP is meant to get EV manufacturers to use more locally made parts and gradually phase out imported components. The programme's localisation criteria lists auto components that EV makers are allowed to import.
Automakers have to abide by this criteria to avail subsidies under the PM E-Drive (PM Electric Drive Revolution in Innovative Vehicle Enhancement) scheme, which was introduced a year a...
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