<ul data-eligibleForWebStory="true"><li>The Indian government may relax 50% localisation norms for EV makers due to China's rare earth export curbs.</li><li>To bypass curbs, automakers are being directed to import fully built motors or assemblies for now.</li><li>The Society of Indian Automobile Manufacturers has yet to formally request easing localisation mandates.</li><li>Under the PLI scheme for EVs, OEMs need to localise production of certain parts to avail subsidies.</li><li>China's export restrictions on rare earth elements could lead Indian automakers to import fully-made parts.</li><li>China's monopoly on rare earth supply poses challenges for Indian auto manufacturers.</li><li>The issue of rare earth mineral curbs was discussed in a meeting between Indian and Chinese officials.</li><li>Indian carmakers plan to visit Beijing to present their case before Chinese officials and suppliers.</li><li>Export curbs might impact homegrown EV makers, raising EV prices and affecting sales.</li><li>Ola Electric plans to introduce rare-earth-free motors by the end of 2025 to mitigate supply chain risks.</li></ul>

China’s Rare Earth Export Curbs: India May Relax EV Localisation Norms

Discover more