<ul><li>Short-supply of rare earth magnets, crucial for electric vehicle (EV) production, could affect manufacturing in India as China, the main supplier, reduced exports in April.</li><li>Indian auto industry, represented by SIAM and ACMA, is collaborating with the government to address the rare earth magnet supply issue before production concerns arise.</li><li>While Tata Motors, with available inventories, doesn't anticipate immediate impact on EV production, Bajaj Auto warns of risks, delays in new launches, and production line disruptions due to dependency on Chinese supply.</li><li>Experts urge government intervention to mitigate potential disruptions in the electric vehicle industry caused by a shortage of rare earth magnets, emphasizing the need to explore alternative solutions and reduce dependence on Chinese supply.</li></ul>

Indian auto makers, govt to address rare earth magnet supply

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