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EV supply chain strain: Maruti Suzuki cuts e-VITARA production, rare earth magnets bottleneck worsens after China export curbs
Maruti Suzuki is significantly reducing its e-VITARA electric SUV production forecast due to a shortage of rare earth magnets, vital for EV motors. This shortfall stems from China's tightened export restrictions on these critical materials. While Maruti aims to meet its full-year target by increasing production later, other Indian carmakers are seeking government intervention to address import challenges.
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