Automotive
Department of heavy industries extended the deadline for the localisation of several components under its phased manufacturing programme (PMP) for electric vehicles (EV) from October 1 to April 1 2021, offering a breather to the industry. Compliance with the PMP is a condition for availing subsidies. The move is expected to help the fledgling EV industry as the localisation plans of several companies were derailed due to the disruption from the pandemic.
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