Across India, EV dealers are warning that customers may have to wait longer and pay extra for their new rides. The culprit: rare earth magnets made from minerals like neodymium, which are crucial for compact, efficient EV motors. While India has its own reserves, mining and processing are largely controlled by China. Now, with Beijing cutting exports amid a trade dispute with the U.S., Indian automakers are struggling to find alternatives.
Guest: Ashim Sharma, Nomura Research Institute
Host: Anupama Chandrasekaran
Edited by Anupama Chandrasekaran and Sharmada Venkatasubramanian
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In Focus by The Hindu