Saturday, June 14, 2025

Rare earth, rarer nod: Indian firms’ magnet waitlist doubles in 2 weeks, sends industry into supply tailspin

The number of India-based companies awaiting rare earth magnet procurement licences from China has nearly doubled to 21. This delay, following China's new export regulations requiring end-user certificates, threatens production disruptions for Indian automobile manufacturers who rely on these magnets. Diplomatic efforts are underway to resolve the issue.

from Auto-Industry-Economic Times https://ift.tt/nRKse6i

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Mahindra XUV 3XO REVX EDGE launched at ₹9.39 lakh; petrol automatic variant added to REVX M(O)

Mahindra has launched the new XUV 3XO REVX EDGE starting at ₹9.39 lakh. A petrol automatic variant of the REVX M(O) was also introduced for ...