Archive · 29 Dec 2025
Electric Vehicle Makers Seek Relief for Rare Earth Magnets
Electric bus and truck makers in India are asking for help because they need special magnets called rare earth magnets.
These magnets are important for making their vehicles.
Right now, they get these magnets from China.
The makers are saying that it will take time to start making these magnets in India.
They are talking to the government about this problem through a group called SIAM.
They want the government to understand that it will take some time to fix this issue.
Electric bus and truck manufacturers in India are seeking relief for the supply of rare earth magnets.
These magnets are crucial for the production of electric vehicles.
Currently, India relies on China for the supply of these magnets.
Manufacturers are working with the government through SIAM to address the supply chain challenges.
It will take time to establish a domestic supply chain for these magnets in India.
- Who
- Electric bus and truck manufacturers in India
- What
- Seeking relief for the supply of rare earth magnets
- When
- Not specified
- Where
- India
- Why
- Due to challenges in the supply chain and dependence on China for rare earth magnets
- Industry
- Electric Vehicle
- Issue
- Rare Earth Magnets
- Source of Magnets
- China
- Industry Body
- Society of Indian Automobile Manufacturers (SIAM)
- Supply Chain
- India