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HRE MAGNETS SHORTAGE
Rare earth-free motors redraw battle lines in India's EV scooter marketIndian electric scooter makers are innovating motor technology as China restricts heavy rare earth magnet exports. Simple Energy has begun ...- Bajaj Auto avoids EV production halt, enters e-rickshaw market; Q1 net up 5%Bajaj Auto avoided a complete stop in electric vehicle production. The company shifted to low rare earth magnets. This change helped overco...
- Bajaj, Ather, TVS to cut output amid rare earth magnet shortage on China restrictionsIndia's electric two-wheeler industry faces a slowdown as Bajaj Auto, Ather Energy and TVS Motor Company are set to cut production due to a...
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