India’s EV Sector Seeks Govt Help as China Curbs Rare Earth Magnet Exports India’s auto industry is raising alarms after China imposed stricter export controls on rare earth magnets, critical for EV motors and components. With over 90% dependency on Chinese supplies, key EV manufacturers fear production disruptions and cost escalations. Industry leaders are urging the Indian government to intervene, diversify sourcing, and invest in local rare earth processing to safeguard the EV ecosystem. This highlights the urgent need for supply chain resilience in India’s fast-growing electric mobility sector. #EVIndia
Download the medial app to read full posts, comements and news.