Saralnama
Today, India's electric vehicle (EV) industry faces delays due to rare earth magnet shortages. These magnets are crucial for EV motors. India imports over 80% of these magnets from China. Since April 2025, China has tightened export rules, causing supply delays. This affects companies like Maruti Suzuki, which cut production of its electric SUV e-Vitara. From now on, Indian automakers may see more delays and higher costs. Next, India is seeking new partnerships with countries like Australia and Brazil to secure rare earth supplies. The government and industry are also working on recycling and local production to reduce dependence on imports. These steps aim to keep India's EV growth on track despite current challenges. (Updated 28 Aug 2025, 09:10 IST; source: link)