US EditionIndia's Auto Industry Faces Rare Earth Magnet Shortage Amid Chinese Export Restrictions
INDIA, JUL 8 – India aims to reduce reliance on China for rare earth magnets by partnering with Australia amid export restrictions affecting electric vehicle production, ACMA calls for a national strategy.
- India’s auto industry faces severe shortages of rare earth magnets following China’s export restrictions imposed since early April 2025.
- China restricted exports of seven critical rare earth elements in retaliation against US tariffs, tightening global supply chains affecting India significantly.
- Indian automakers struggle with a cumbersome 40 to 45-day import licensing process and face uncertain timelines for resuming magnet imports from China.
- The auto components industry grew 9.6% to $80.2 billion in 2024-25 despite supply challenges, while ACMA leaders call for urgent government-to-government resolution.
- India plans to boost domestic rare earth processing, including a Hyderabad oxide-to-magnet plant, but building self-reliance will take years amid lasting geopolitical risks.
22 Articles
22 Articles
An Australian official said that India is in talks with Australia for rare earth minerals. This conversation has taken place due to the obstruction in exports from China.
India in talks with Australia to source rare earth minerals - The Tribune
India is in talks with Australia to source rare earth minerals, an Australian official said on Tuesday. The development assumes significance in the wake of rare earth magnet shortage caused by Chinese export restrictions.
Nissan to Curb Production of New EV Amid China’s Rare Earths Export Controls
Japanese car manufacturing giant Nissan Motor is revising down production plans for its new Leaf series electric vehicle as the Chinese controls on exports of rare earth elements have created a shortage of car parts, Kyodo News reported on Tuesday. The setback for Nissan’s new EV is the latest in a series of hurdles that carmakers globally have faced since China announced export controls of rare earths in early April. Suzuki Motor, another Japan…
The Hindu Business Line
Auto component industry seeks national strategy on critical materials amid rare magnet shortage
ACMA seeks national strategy to secure EV production amid rare earth magnet shortage, industry faces potential crisis.
India's Auto Industry Faces Rare Earth Magnet Shortage Amid Chinese Export Restrictions
India's Auto Industry Faces Rare Earth Magnet Shortage Amid Chinese Export Restrictions The Automotive Component Manufacturers Association of India (ACMA) has called for a strategic national plan to address the shortage of rare earth magnets, crucial for electric vehicle production. The appeal comes after China imposed export restrictions, raising concerns over potential losses in India's auto component sector.ACMA President Shradha Suri Marwah …
Coverage Details
Bias Distribution
- 44% of the sources lean Right
To view factuality data please Upgrade to Premium
