Exploring options for rare earth magnet supplies: H D Kumaraswamy
- Posted on June 24, 2025
- By Business News Today
- 1 Views

Exploring options for rare earth magnet supplies: H D Kumaraswamy

India is actively seeking solutions to mitigate disruptions in the supply of rare earth magnets, crucial for electric vehicle components. A Hyderabad-based company aims to produce 500 tonnes of these magnets by year-end, with plans to scale up significantly. The government is considering incentives to boost domestic processing and counter China's dominance in the market, ensuring automakers' production isn't halted.