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.
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