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flag India's auto industry faces production risks due to rare earth magnet shortages from China.

flag 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. flag 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. flag Despite having received visas, Indian representatives are waiting for formal approval from Chinese authorities to discuss the issue.

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