Primus In News
India’s EV ambitions face rare earth supply shock amid China curbs
10-07-2025
The Primus Partners report "India's EV Surge Needs a Home-Grown Magnet Fix" highlights a critical challenge to India’s electric vehicle (EV) ambitions: heavy reliance on China for rare-earth magnets, despite India having the world’s fifth-largest rare earth reserves. The report emphasizes that delays in magnet imports due to China’s export controls could derail India's clean mobility plans. It recommends three key interventions: scaling up domestic production capacity, diversifying import sources, and building robust recycling infrastructure to meet rising demand and reduce strategic vulnerabilities. Without a self-reliant rare-earth supply chain, India's EV future remains at risk.
Explore Related Insights
- Ola's 7,500 Crore EV Deal In Tamil Nadu | Can TN Be India's EV Hub?
- How India's decision to not join major trade pacts can help its aim of being a 5-trillion economy
- Fintech revolution 2.0 is expected to unfold in India in the next 10 years: MobiKwik’s Upasana Taku
- Women outpace men at workplace in India's gaming industry: Report
