India Extends Rs 7,280-Crore REPM Scheme Tender to June 29, 2026 in Push for Domestic EV Magnet Manufacturing
India has extended a key EV supply-chain tender under its rare-earth magnet manufacturing program. The Ministry of Heavy Industries said the bid due date for the REPM scheme has moved from May 28, 2026 to June 29, 2026, with technical bid opening shifted to June 30, 2026. The official reason is wider participation after stakeholder requests for additional time.
What changed in the tender timeline
According to the PIB release dated 15 May 2026, the government has also set 9 June 2026 for responses to bidder queries. The tender was originally issued on 20 March 2026 for selecting beneficiaries to set up integrated sintered NdFeB Rare Earth Permanent Magnet facilities in India.
Sponsored
| REPM scheme marker | Current status |
|---|---|
| Financial outlay | Rs 7,280 crore |
| Target manufacturing capacity | 6,000 MTPA integrated REPM |
| Revised bid due date | 29 June 2026 |
| Revised technical bid opening | 30 June 2026 |
Why this is a high-niche fuel and auto story
- EV motor supply security: NdFeB magnets are core inputs in high-efficiency traction motors used in EV platforms.
- Import-risk mitigation: local REPM manufacturing can reduce exposure to external supply shocks in critical materials.
- Fleet-energy transition: stronger domestic EV component ecosystems support faster electrification in passenger and commercial mobility over time.
What to watch next
The next watchpoint is bidder participation quality by the revised deadline and whether awarded projects move quickly from approval to plant execution. For the fuel economy, this is a medium-term structural signal: domestic EV drivetrain localization can gradually alter future petrol-diesel demand growth pathways rather than producing an immediate retail-fuel price effect.
