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Maruti Suzuki Eyes Alternatives Amid Rare Earth Magnets Shortage

Rare earth magnets, vital for modern automotive components, are now at the center of a global supply concern—prompting leading Indian carmaker Maruti Suzuki to explore multiple solutions to maintain seamless production. As China tightens its grip on rare earth exports, industries worldwide are recalibrating their strategies to mitigate disruptions.

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Tesla Skips India Manufacturing, Focuses on Imports: Minister

Tesla’s plans for India appear to have hit a pause again. Despite hopes of a local footprint, the electric vehicle (EV) giant is not interested in Tesla India manufacturing, said Union Minister of Heavy Industries, H.D. Kumaraswamy, on Monday. Instead, Tesla is focusing on importing its EVs and opening showrooms to sell them directly in the Indian market.

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