US EditionMahindra and Uno Minda explore domestic magnet manufacturing amid China export curbs: Reuters
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Mahindra and Uno Minda explore domestic magnet manufacturing amid China export curbs: Reuters
Amid rising global supply chain disruptions, Indian automaker Mahindra & Mahindra and auto component major Uno Minda are considering setting up local manufacturing of rare earth magnets, sources told Reuters. The development follows China’s recent export restrictions—impacting nearly 90% of the world’s rare earth magnet supply—leading to delays and growing uncertainty for Indian manufacturers. With the Indian government planning incentive scheme…
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