India Auto PLI Relaxation Amid Rare‑Earth Crunch – What’s Next?
The auto PLI India policy was introduced to boost domestic manufacturing of advanced automotive technologies, especially in the electric vehicle (EV) segment. However, recent disruptions in the global EV supply chain, particularly due to rare-earth material shortages, have prompted industry leaders to demand relaxations in PLI eligibility norms. These rare-earth elements are essential for EV … Read more