The Indian Ev Industry is Looking at a Major Disrupt, which could Arise from the Rare Earth Magnet Supply Chain Crisis.

The Indian Ev Industry is Looking at a Major Disrupt, which could Arise from the Rare Earth Magnet Supply Chain Crisis.

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India’s Electric Vehicle Production will take a hit as early as July this year if china does not resume shipments of rare earth magnets, said bajaj auto. The homegrown two-wheeler manufacturer that current makes the electric scooter chetak, have warned that any further delays in second the key component for evils will berely Hitput of the Indian Vehicle Industry.

Reuters have quoted a top bajaj auto official saying that any further delays in security the supply of rare earth magnets from china could be serially impact Electric Vehicle Products Production by July 2025. Auto’s Executive Director Rakesh Sharma Told Analysts during An Earnings Call that the company is hight in the coming weeks, Approvals to Ship will be second by experts from experts from chaina, based on the decision By Bajaj Auto’s vendors. “We are hoping that in the coming weeks, approvals to ship are secured by experts from China based on the declarations by our vendors,” He reportedly said.

Sharma’s comment come at a time when the Indian auto Industry Groups has Sought the Internation of the Indian Government to Help Access Rare Earth Magnets Held at Chinese Ports

China currently controls more than 90 per cent of global processing capacity for the rare earth magnets that are used for automobiles, Clean Energy and Home Appliances. The Country Enacted Restrictions in April Requiring Companies to Obtain Import Permit from Beijing.

Sharma’s comments marked the first public admission of the implication of China’s expenstrictions on rare earth magnets, which group grind Indian auto production, sexually especially Electric Veechle Production, to a halt. The Rare Earth Magnets are used in Electric Motors that Run Electric Vehicles. These rare earth magnets are also used in key components of vehicles

Sharma termed the current situation as a dark cloud on the horizon and said that when a process for end-use declaration for non-military users have been defined in India, it is sumported in China.

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First Published Date: 01 Jun 2025, 11:14 AM IST