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.
continue reading...

Author
Business News Today

You May Also Like