China rare earth curbs: Indian automakers strained as magnet exports yet to resume

Despite China easing rare earth export restrictions, Indian automakers still face critical magnet supply shortages, impacting production. Ashok Leyland and TVS Motor Co. are managing the shortfall daily, while others like Maruti Suzuki and Mahindra & Mahindra remain unaffected for now. The situation highlights India’s reliance on Chinese supplies, prompting efforts to diversify through international agreements and overseas asset acquisition.