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China's Rare Earth Curbs Pose Supply Risk to India's EV Push: Crisil
The Statesman Siliguri
|June 16, 2025
Over 80 percent of India's rare earth magnet imports (540+ tonnes in FY24) come from China, making the country highly vulnerable to Chinese export policy changes
India's electric vehicle (EV) ambitions may face a critical supply-side hurdle due to China's tightening grip on rare earth magnet exports, according to a report by Crisil Ratings.
The agency warned that ongoing delays in shipment approvals and export clearances from China could disrupt automotive production and delay upcoming EV launches if the situation persists beyond a month.
Rare earth magnets, essential components in permanent magnet synchronous motors (PMSMs) used in EVs and hybrid vehicles, have become a bottleneck in global supply chains following China's recent policy changes.
The magnets are also used in internal combustion engine (ICE) vehicles, though in a limited capacity, primarily in electric power steering and motorised systems.
Diese Geschichte stammt aus der June 16, 2025-Ausgabe von The Statesman Siliguri.
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