India Considers Easing Rare Earth Import Rules for Electric Trucks, Buses

India is thinking about making it easier for companies that make electric trucks and buses to get the parts they need.

Right now, these companies must buy parts made in India, but getting certain parts like rare earth magnets is tough.

These magnets are crucial for the motors that power the vehicles.

The government might temporarily let these companies import these magnets from China, where they're made.

This is because of a recent improvement in relations between India and China.

The goal is to help these companies build more electric trucks and buses and encourage them to develop more domestic capabilities.