Daily News Wrap-Up: EV Industry Braces for Price Surge Due to DCR Mandate

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