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Auto parts' body seeks govt policy on critical minerals
Financial Express Kochi
|July 09, 2025
Amid growing shortage of rare earth magnets, which are essential for electric vehicle (EV) manufacturing, the auto components industry on Tuesday urged the government to frame a national strategy on critical materials.
AMID GROWING SHORTAGE of rare earth magnets, which are essential for electric vehicle (EV) manufacturing, the auto components industry on Tuesday urged the government to frame a national strategy on critical materials.
The Automotive Component Manufacturers Association of India (ACMA) said the supply crunch threatens the sector's long-term competitiveness and stability.
"Limited availability of rare earth magnets remains a key concern, highlighting the urgent need for a national strategy on critical materials to safeguard the future of EV and mobility manufacturing in India," ACMA president Shradha Suri Marwah said, releasing the auto components' industry performance review for FY25.
Cette histoire est tirée de l'édition July 09, 2025 de Financial Express Kochi.
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