Indian EVs at risk! Delay in Beijing's rare earth magnets can decelerate auto sector growth; China tightens export rules
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China's tightened control over rare earth magnet exports is causing delays for India's electric vehicle production, as over 80% of India's magnet imports come from China. This disruption could affect EV launches and overall growth, prompting India to seek alternative suppliers, boost domestic production, and engage in diplomatic talks with China to stabilize supply chains. What's Your Reaction?
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