Archive · 30 Jun 2025
Sona Comstar to Manufacture Magnets Amid China Export Curbs
China is limiting the export of rare earth magnets, which are important for making things like car parts.
This is causing problems for companies around the world.
Sona Comstar, an Indian company, is planning to make these magnets in India to avoid relying on China.
The Indian government is also creating programs to help companies make magnets at home.
Sona Comstar is a big company that makes parts for cars, including electric vehicles.
They want to make their own magnets because they currently import them from China.
Sona Comstar, India's largest importer of rare earth magnets, plans to manufacture them domestically.
China imposed export restrictions on rare earth magnets in response to US tariffs.
India is developing an incentive program to encourage domestic magnet production.
Sona Comstar imported 120 metric tonnes of magnets last year and plans to import 200 tonnes this year.
The company supplies components to Tesla and Stellantis, with EV products contributing nearly one-third of its revenue.
- Who
- Sona Comstar and the Indian government.
- What
- Sona Comstar plans to manufacture rare earth magnets domestically due to China's export restrictions.
- When
- China imposed export restrictions in April.
- Where
- India, with implications globally due to reliance on Chinese exports.
- Why
- To reduce dependence on Chinese imports and address the impact of export restrictions.
Supply Chains
Manufacturing
Dependence vs. Independence
Supply Chains
Diversifying supply chains away from China.
Manufacturing
Relying on established suppliers.
- Company
- Sona Comstar
- Imported Magnets (Last Year)
- 120 metric tonnes
- Planned Imports (This Year)
- 200 metric tonnes
- Source of Export Restrictions
- China
- Government Initiative
- Incentive program for domestic magnet production in India
- Key Markets
- Tesla, Stellantis, and the Indian railway system
