Local Manufacturing Mandate for EV Parts May Cause Short-term Supply Gaps, Price Rise

Nearly 60-70% of EV components are currently being imported

April 2, 2025

/ Electric Vehicles, Market & Policy, Mercom Research Focus

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The electric vehicle (EV) industry is bracing for a short-term price surge, as the Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement for 18 EV components, including the traction battery pack, battery management system, and heating, ventilation, and air conditioning system.

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Melvin Mathew

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Local Manufacturing Mandate for EV Parts May Cause Short-term Supply Gaps, Price Rise

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