Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Bajaj Auto's EV Output Slumps 50% in July
Mint Chennai
|August 07, 2025
Co turns to light magnets to recover from dip caused by rare earths crisis
Bajaj Auto Ltd is using light rare earth magnets as an alternative to get production of electric 2- and 3-wheelers back on track, as manufacturing suffered in June and July due to a shortage of heavy rare earth magnets fuelled by China's curbs on exports.
The management said on Wednesday that Bajaj's production of EV 2-wheelers will be 60% of the earlier planned output for the months of August and September, while 3-wheelers will see 75% of the planned output in the same period.
"Our production impairment started in June due to which our sales were also hit in Q1. Production was hit up to 50% in July," Rakesh Sharma, executive director at Bajaj Auto Ltd, said at a media interaction after the release of April-June quarter results on Wednesday.
This story is from the August 07, 2025 edition of Mint Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Chennai
Mint Chennai
Decoding the mystery of Mount Kailash
In his award-winning new book, historian Alex McKay sets out to map the spiritual and scientific origins of the mountain sacred to Buddhists and Hindus alike
6 mins
June 13, 2026
Mint Chennai
Musk world's 1st trillionaire as SpaceX jumps 23% on debut
SpaceX shares shot 23% higher as the rocket maker's shares soared in their debut on Wall Street and made chief executive officer Elon Musk the first-ever trillionaire.
1 min
June 13, 2026
Mint Chennai
Spinny begins work on IPO, eyes raising up to $300 mn
Valuedrive Technologies Pvt. Ltd, which operates used-car platform Spinny, has begun preparations to raise up to $300 million through an initial public offering (IPO) and is expected to file draft papers in the next quarter, according to two people familiar with the matter.
1 min
June 13, 2026
Mint Chennai
Peace rally lifts markets after a turbulent week
As crude slips below $90, buyers who had stayed away during the week, stream in
3 mins
June 13, 2026
Mint Chennai
What drives ambition?
Expanding ambition beyond work to how we parent, care, and live helps us create a more meaningful life
3 mins
June 13, 2026
Mint Chennai
Centre frees spectrum to let Cars ‘converse’ with each other
The move paves way for V2V alerts on collisions and hazards beyond a driver's line of sight
2 mins
June 13, 2026
Mint Chennai
Hair colour makers ordered to brush up on standards
The directive follows concerns that chemicals used may cause allergic reactions, skin irritation
2 mins
June 13, 2026
Mint Chennai
Retail diesel curbs may affect farmers during kharif season
The government's decision to restrict diesel sales at retail fuel stations and cap purchases at 200 litres per customer or vehicle a day could pose challenges for farmers during the kharif season, particularly in regions reliant on irrigation pumps and farm machinery.
1 mins
June 13, 2026
Mint Chennai
This summer, take a responsible holiday
As popular destinations buckle under the weight of overtourism, travelling without burdening the destination is imperative
5 mins
June 13, 2026
Mint Chennai
In Kashmir, a village wades in to clean a spring
Amid disappearing water bodies, every year residents of this village clean a spring-fed lake, following an age-old tradition
4 mins
June 13, 2026
Listen
Translate
Change font size