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