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India's auto industry faces production risks due to rare earth magnet shortages from China.
Indian auto companies are facing shortages of rare earth magnets due to delays in imports from China, which controls 90% of global processing for these magnets.
Over 80% of India's magnet imports come from China, but since April 4, China has restricted exports, leading to potential production disruptions in India.
Despite having received visas, Indian representatives are waiting for formal approval from Chinese authorities to discuss the issue.
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La industria automotriz de la India se enfrenta a riesgos de producción debido a la escasez de imanes de tierras raras procedentes de China.