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EV supply chain jolted: India struggles to import magnets amid China curbs; Jefferies flags looming risk
India's electric vehicle manufacturing faces disruption due to a widening supply gap of rare earth magnets, exacerbated by China's export restrictions. Indian EV makers struggle to secure magnet imports, essential for EV motor production. The government is exploring solutions like stockpiling and local production incentives to mitigate the crisis and safeguard the EV industry's growth.
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