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Rare earth relief for 4 Indian cos as China eases curbs
Mint Mumbai
|October 31, 2025
More applications from Indian companies are expected to be approved in the coming days, said another executive, who is expecting China's approval shortly for his Bengaluru-based electric motor manufacturing company. all three executives spoke on condition of anonymity.
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New Delhi-headquartered Jay Ushin is the flagship auto parts manufacturing business of the JP Minda Group, while Haryana-based De Diamond Electric is a subsidiary of Japan's Diamond Electric Mfg. Co. Ltd. The four companies did not respond to queries.
External affairs ministry spokesperson Randhir Jaiswal confirmed China's licensing decision at a media briefing, without providing details.
The decision comes as a major relief for Indian automakers and electronics manufacturers.
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