rare earth magnets - Unews World

Indian EVs at risk! Delay in Beijing’s rare earth magnets can decelerate auto sector growth; China tightens export rules – Times of India

June 15, 2025 0

India’s car industry could be in trouble as China’s stricter control over rare earth magnet exports and shipment clearances delays may slow down electric vehicle production, Crisil Ratings said.The rating agency said that a disruption of even over a month can affect EV launches, production and push back the sector’s growth trajectory.Rare earth magnetsRare earth magnets are low cost but …

Magnet mayhem! Number of Indian companies awaiting licences from China for rare earths doubles; industry supplies hit hard – Times of India

June 15, 2025 0

52 India-based companies depend on Chinese magnets for supplying to automobile manufacturers across the country. (AI image) China’s hold on rare magnets sends Indian industry supply in tailspin! The count of Indian firms seeking permits from China’s commerce ministry for rare earth magnet imports has risen to 21 from 11 in a fortnight. This development follows China’s April 4 directive …

Big worry! China’s grip over rare earth magnets sends Indian auto industry into a spin; delegation of industry people eye China visit – Times of India

June 11, 2025 0

The Indian automobile industry faces potential production challenges. (AI image) China’s hold on rare earth magnets has left the Indian auto industry worried. A contingent of automotive industry delegates is preparing to visit China to facilitate rare earth magnet imports for Indian companies, according to industry insiders.The Indian automotive sector has been compelled to take action following the Chinese government’s …

EV supply chain strain: Maruti Suzuki cuts e-VITARA production, rare earth magnets bottleneck worsens after China export curbs – Times of India

June 10, 2025 0

India’s largest automaker Maruti Suzuki is slashing the production forecast for its upcoming electric SUV e-VITARA, amid a critical shortage of rare earth magnets, according to industry sources. The company now aims to roll out 8,000 units by September, down sharply from the originally planned 26,000+ units.The automaker, however, plans to meet its full-year production target of 67,000 units by …

Auto companies seek govt help for magnet imports – Times of India

June 8, 2025 0

NEW DELHI: The automobile industry has sought govt support in expediting approvals from the Chinese govt for importing rare earth magnets used in various applications, including passenger cars. As per sources, various domestic suppliers have already sought approval from the Chinese govt through their local vendors in China.However, no approvals have been granted so far, sources said. China controls over …