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Need national strategy on critical materials, says ACMA
NF Times
|July 10, 2025
(RNS, 09-07-25) Automotive Component Manufacturers Association (ACMA) is advocating for a national strategy on critical materials to safeguard the future of EV and mobility production in the country.
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This call comes as the auto industry is possibly looking at production cuts when the existing inventory dries out, as there has been no import of rare earth magnets in India since April this year.
“The limited availability of rare earth magnets remains a concern, underscoring the need for a national strategy on critical materials to secure the future of EV and mobility manufacturing in India,” said ACMA President Shradha Suri Marwah on Tuesday.
This story is from the July 10, 2025 edition of NF Times.
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