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flag Sona Comstar to produce rare earth magnets locally, reducing India's reliance on China.

flag Sona Comstar, India's top rare earth magnet importer, will start local production of these EV components to reduce dependency on China, which controls 90% of the global market. flag India, home to the world's third-largest car market and fifth-largest rare earth reserves, is incentivizing domestic production to lessen reliance on China. flag Sona Comstar is the first to announce plans for local production under the government's new program.

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