Sona Comstar Plans to Produce Rare Magnets in India Amid Chinese Curbs

Amid Chinese restrictions, Sona Comstar, India's leading importer of rare earth magnets, is planning to begin domestic production of these critical components used in electric vehicles (EVs).

- ENS ECONOMIC BUREAU @New Delhi

"Being the largest importer of rare earth magnets, we are the single-largest affected party in the country. We have to look at India's self-sufficiency on magnets and are working with the government on it," Sona Comstar CEO Vivek Vikram Singh told Reuters in an interview.