Govt eases PM E-DRIVE rules, extends localisation deadline till August 31

The government has eased localisation requirements under the PM E-DRIVE Scheme, allowing e-bus and e-truck manufacturers to import traction motors with rare-earth magnets till August 31. PM E-DRIVE Scheme stipulates that manufacturing of traction motors, including magnet fitment, be performed domestically. The deadline was extended earlier in September 2025 to March 2026, for the first time.