Tag: magnet

The government on Wednesday approved a Rs 7,280 crore scheme to promote manufacturing of rare earth permanent magnets, a move which would help reduce India's dependence on China. IMAGE: ...

'Despite assurance from China, none of the companies have received supplies from Chinese sellers.' IMAGE: The assembly line at the Hyundai Motor India Ltd plant in Kancheepuram district, Tamil ...

Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue 'engineering efforts' to address the raw material ...

Since April 4, around 35 importers in India have either not received any shipment of the magnets or have not been granted the import licences by China. IMAGE: Workers ...

The country's largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e-Vitara due to the shortage of rare earth magnets, industry sources said. Photograph: Anushree Fadnavis/Reuters ...