Indian companies queue up for domestic rare earth magnet production
- Posted on July 10, 2025
- By Financial Express
- 2 Views
Indian companies queue up for domestic rare earth magnet production
India is accelerating its rare earth magnet manufacturing plans to support its growing EV sector. With Mahindra, Uno Minda, Vedanta and others showing interest, the government is planning Rs 25 billion in incentives and pushing for local sourcing to reduce reliance on China.
