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Sona Comstar Plans to Produce Rare Magnets in India Amid Chinese Curbs
July 01, 2025
|The New Indian Express Vellore
Amid Chinese restrictions, Sona Comstar, India's leading importer of rare earth magnets, is planning to begin domestic production of these critical components used in electric vehicles (EVs).
"Being the largest importer of rare earth magnets, we are the single-largest affected party in the country. We have to look at India's self-sufficiency on magnets and are working with the government on it," Sona Comstar CEO Vivek Vikram Singh told Reuters in an interview.
هذه القصة من طبعة July 01, 2025 من The New Indian Express Vellore.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Vellore
The New Indian Express Vellore
HOW TO MAKE SENSE OF THE IT SECTOR MELTDOWN
NVESTING is all about finding the right price for an asset.
2 mins
February 23, 2026
The New Indian Express Vellore
Govt razes Naxal memorials to stop regrowth of ideology
INDIA’S intensified campaign against Left-Wing Extremism (LWE) has entered a decisive new phase, with security forees expanding their footprints beyond armed cadres by dismantling symbols associated with Naxal ideology.
1 mins
February 23, 2026
The New Indian Express Vellore
NMC admits stipend inequality exists for interns
AFTER five years, the National Medical Commission (NMC) has finally agreed that there is no stipend parity for undergraduate medical interns, whether they are studying in government or private medical colleges.
2 mins
February 23, 2026
The New Indian Express Vellore
Bombs hurled at murals of Ambedkar, Thiruma in Nanguneri; 3 arrested
NANGUNERI police on Saturday arrested three youngsters, belonging to a Most Backward Class community, after the Scheduled Caste residents from the region claimed that the former hurled petrol bombs at the wall paintings of B R Ambedkar and VCK leader Thol Thirumavalavan on Friday night.
1 mins
February 23, 2026
The New Indian Express Vellore
Modi offers digital hygiene advice against cyber frauds
ADDRESSING his monthly radio broadcast 'Mann Ki Baat', Prime Minister Narendra Modi on Sunday urged people to remain vigilant against online financial fraud and digital arrest.
1 mins
February 23, 2026
The New Indian Express Vellore
'Birla Opus entry has not hit margins'
NEARLY two years after the Aditya Birla Group entered the decorative paints market with Birla Opus, fears of a bruising price war appear to have receded.
1 min
February 23, 2026
The New Indian Express Vellore
Assam gets new hydro project in elephant area
A Union government-appointed committee has given the go-ahead for the diversion of 442 hectares of forest land for a 1500 MW closed-loop pumped storage project in Assam.
2 mins
February 23, 2026
The New Indian Express Vellore
‘India should lead in sovereign AI, put tech into users’ hands at scale’
WHEN it comes to building sovereign AI models in India, Sarvam AI has emerged as one of the key players.
2 mins
February 23, 2026
The New Indian Express Vellore
No more priority censor certificate for extra fee, govt likely to cancel scheme
THE government has proposed to withdraw its “priority scheme” for film certification introduced under the Cinematograph (Certification) Rules, 2024.
1 mins
February 23, 2026
The New Indian Express Vellore
THE CHINDIAN TALE
CHINESE New Year was last week on February 17, the dawning of the Year of the Fire Horse.
4 mins
February 23, 2026
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