India  
 
NewsR.in

Auto companies flag China's magnet supply risks

IndiaTimes Monday, 2 June 2025
The Indian auto industry is facing a potential production shutdown due to China's export restrictions on rare earth magnets, crucial for various vehicle components. Companies like Maruti Suzuki, Mahindra, and Bajaj Auto are at risk, with Bajaj Auto anticipating a significant impact on EV production by July.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related news from verified sources

Relax production-linked incentive, PM e-drive schemes, say auto companies

 The auto industry faces supply chain issues. China's restrictions on rare earth magnet shipments are the cause. Automakers request government to relax domestic...
IndiaTimes

Indian EVs at risk! Delay in Beijing's rare earth magnets can decelerate auto sector growth; China tightens export rules

 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...
IndiaTimes