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Mahindra to pursue engineering actions to address rare-earth magnet shortage
The Business Guardian
|August 04, 2025
Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue 'engineering efforts' to address the raw material shortage situation amid growing product portfolio, according to a senior company executive.
The imposition of export restrictions by China on key rare earth magnets has resulted in supply chain bottlenecks, impacting the user industries, including the auto and electronics sectors.
The magnets are essential components across sectors like automobiles, household appliances, and renewable energy.
"Basis, all the actions we have taken, FY26 is more or less managed. We have to now work on some medium and long-term actions," Mahindra & Mahindra (M&M) Group Chief Financial Officer Amarjyoti Barua told PTI in an interaction.
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