Relax production-linked incentive, PM e-drive schemes, say auto companies

The auto industry faces supply chain issues. China's restrictions on rare earth magnet shipments are the cause. Automakers request government to relax domestic value addition norms. This is for production-linked incentive scheme. Companies seek permission to import complete assemblies from China. This is a short-term solution to avoid production disruptions.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/mlzfFdH

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