Indian EVs at risk! Delay in Beijing's rare earth magnets can decelerate auto sector growth; China tightens export rules
Sunday, 15 June 2025 () China's tightened control over rare earth magnet exports is causing delays for India's electric vehicle production, as over 80% of India's magnet imports come from China. This disruption could affect EV launches and overall growth, prompting India to seek alternative suppliers, boost domestic production, and engage in diplomatic talks with China to stabilize supply chains.
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Indian auto industry representatives are seeking China's approval to expedite rare earth magnet imports, crucial for EV production. China's export restrictions... IndiaTimes
Indian industries face supply chain disruptions as China tightens export controls on rare earth magnets, a crucial component for automobile manufacturing. The... IndiaTimes
The Indian government is assisting the auto industry in securing rare earth magnets from China by facilitating communication and ensuring compliance with export... IndiaTimes
Sunday, 15 June 2025 ()
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