Indian EV and auto component manufacturers face production challenges as China halts rare earth magnet exports to India from 4th April.
Rare earth magnets are crucial for traction motors and other EV components, making the restriction a significant setback for the industry.
Indian manufacturers are seeking government assistance to mitigate supply chain disruptions and potential slowdowns in EV production.
New Chinese regulations require exporters to provide an end-user certificate confirming the magnets won’t be used for weapons or transferred to third parties, with approval needed from both the Indian Ministry of External Affairs and the Chinese Embassy.
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