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

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

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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.

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