Pune firm cracks rare earth code, but magnet gap stays

Aluminium Research Development and Design Centre, which monitors the funded companies.

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Yet, even as Ashvini's achievement — showcases Indian scientificand engineering capability, it falls short of fixing a much larger bottleneck: the domestic shortage of rare earth magnets.

India’smagnet ecosystem is still heavily dependent on imports. There are two types of magnets—bonded and sin-tered. Ashvini, a two-decade veteran in making bonded magnets, produces those used in sensors and small motors. The high-powered sintered magnets, vital for EV motors and wind turbines, remain largely unavailable in India.