The Economic Times and The Times of India reported on November 22 that only 13% of "Made in India" electric vehicles (EVs) meet the domestic content requirements of India's Production Linked Incentive (PLI) scheme, with the rest using imported components, especially those imported from China. According to the information, the PLI requires a domestic value addition (DVA), a core economic indicator measuring the degree of localization of an industry, of at least 50%. However, data show that among the 46 electric vehicles sold in India, only six meet the PLI regulations, accounting for about 13%. Currently, five pure electric models from Tata Motors - Punch EV, Nexon EV, Harrier EV, Tiago EV, Tigor EV - and the XEV9E from Mahindra meet the PLI standards and are eligible for subsidy policies. Analysts said that the ecosystem of electric vehicle components in India is still not well developed: on one hand, components such as lithium-ion battery cells, rare earth magnets, semiconductor chips, DC motors, laminated stators, and printed circuit boards rely heavily on imports from China. On the other hand, India lacks the production capacity for most new components, including new batteries, electric motors, and electronic equipment, and these components account for at least 50-60% of the total value of an electric vehicle.
Original article: www.toutiao.com/article/1849629968525324/
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