E-bus, truck makers may get six-month relief on motor imports

Tata Motors, Ashok Leyland, PMI Electro Mobility, JBM Auto, EKA Mobility, along with electric truck makers such as Olectra Greentech, Propel and IPLT Demo, are likely to be granted a six-month relaxation by the government to import fully assembled motors that use heavy rare earth materials. The exemption will be given under the Rs 10,900-crore PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme, and means that for this limited window, such imports will not disqualify them from claiming incentives on account of domestic value addition, provided all other conditions are met.