India Extends Deadline for EV Magnet Manufacturing Scheme to Bolster Supply Chain Independence
New Delhi Extends Strategic Deadline The Indian government has officially extended the deadline for bid submissions under its Production Linked Incentive (PLI) scheme for high-performance electric vehicle (EV) magnet manufacturing to June 29. This critical policy adjustment aims to catalyze domestic production of rare-earth permanent magnets, a vital component currently sourced almost exclusively from international…