Friday, May 30, 2025

Magnet crisis: Auto giants rush to China for rare earth rescue

Indian automotive industry representatives are heading to China to address delays in crucial rare earth magnet imports, triggered by new export restrictions. These delays threaten vehicle production, especially in the electric mobility sector, with inventories dwindling. The delegation aims to expedite clearances and restore shipments, while some companies explore alternative sourcing to mitigate risks.

from Auto-Industry-Economic Times https://ift.tt/UblvGuE

No comments:

Post a Comment

Maruti Suzuki announces price protection for small cars booked till June 14

Maruti Suzuki India is offering price protection on its small car range until June 14, 2026. This initiative aims to shield entry-level buye...