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.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YQdPXI1

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