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Bloomberg Quint

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JSW MG Motor Says Rare Earth Magnet Shortage Won't Impact Production In Near Future

  • JSW MG Motor India states rare earth magnet shortage won't affect production soon.
  • Global rare earth magnets scarcity not currently impacting JSW MG Motor.
  • China's magnet supply restrictions affecting both EV and ICE vehicle makers.
  • Company plans to set up 14 premium car showrooms in 13 key cities.
  • JSW MG Motor emphasizes working closely with government to address supply issues.

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