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Jefferies: China's rare earth rules hurt Indian EV industry
The Business Guardian
|June 07, 2025
The EV companies in the country are already facing heat with China's supply restrictions on the rare earth metals, according to a report by Jefferies.
The Jefferies report highlighted that several Indian companies are struggling to import magnets from China, which are crucial components in the production of EV motors.
The report warned that once the current stock of these magnets runs out, motor production could be severely affected, putting the entire supply chain at risk.
It said "Based on our conversations with Indian companies, industry is facing a challenge in importing magnets from China and EV motor production could be at risk once the existing magnet inventories get exhausted".
Federation of Automobile Dealers Association (FADA) also echoed the sentiment and in its monthly vehicle data release on Friday said "Global supply-chain headwinds (rare-earth constraints in EV components, geopolitical tensions) may limit urban consumer sentiment and exert cost pressure."
This story is from the June 07, 2025 edition of The Business Guardian.
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