India is preparing for the launch of the third edition of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, aiming to cater to the aspirations of an increasingly affluent and environmentally-conscious population. This initiative seeks to enhance the competitiveness of the auto sector while promoting sustainable practices in transportation. The new 'localisation' requirement, mandating certified levels of local sourcing in EV manufacturing, aims to broaden participation in the EV sector despite potential challenges.
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