Ankit Somani, Co-founder of Conifer, specializes in developing powertrains utilizing ferrite magnets. Hemal Thakkar, Senior Practice Leader at Crisil Intelligence, provides insights into the economic implications of rare earths. They discuss India's struggle amidst rare earth shortages impacting the auto sector, largely due to China's dominance in exports. The conversation covers the urgent need for alternative sourcing strategies and the potential of innovative technologies to overcome production challenges while exploring India's future in electric mobility.