Hyundai secured a year's worth of rare earth minerals, while Maruti Suzuki cut EV production due to shortages.

Hyundai, the world's third-largest automaker, secured a one-year stockpile of rare earth minerals, protecting it from China's export restrictions. Meanwhile, India's top carmaker, Maruti Suzuki, cut its EV production target by two-thirds to 8,200 units due to rare earth shortages, originally aiming for 26,500 units. The rare earth crisis highlights the global auto industry's vulnerability to supply chain disruptions.