Friday, January 9, 2026

Caught in China’s magnet grip, India’s auto industry looks at home for rare-earth security

India faces rare-earth magnet supply chain disruptions, impacting automotive players, especially EVs. To counter China's dominance, the government launched a Rs. 7,280 crore scheme to boost domestic manufacturing and self-reliance. This initiative, alongside private sector efforts in diversification and alternative technologies, aims to secure India's automotive future.

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

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...