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Rare Earth Curbs Cripple Auto Industry
The New Indian Express Kannur
|May 30, 2025
Stocks of these metals may last a few days; delayed shipments to disrupt operations
CHINA'S stricter export controls on rare earth elements have raised concerns in India's automotive sector, especially among electric vehicle (EV) makers. Industry executives said that current stockpiles of these critical metals may last only a few days, and delayed shipments could disrupt operations.
Bajaj Auto's Executive Director Rakesh Sharma said on Thursday that the shortage of rare earth magnets could significantly impact the company's production plans by July 2025. "As we speak, supplies and stocks are getting depleted. And if there is no relief and there are no shipments, then July production will get seriously impaired," stated Sharma.
This story is from the May 30, 2025 edition of The New Indian Express Kannur.
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