EV supply chain strain: Maruti Suzuki cuts e-VITARA production, rare earth magnets bottleneck worsens after China export curbs
Maruti Suzuki is significantly reducing its e-VITARA electric SUV production forecast due to a shortage of rare earth magnets, vital for EV motors. This shortfall stems from China's tightened export restrictions on these critical materials. While Maruti aims to meet its full-year target by increasing production later, other Indian carmakers are seeking government intervention to address import challenges.
Maruti Suzuki is significantly reducing its e-VITARA electric SUV production forecast due to a shortage of rare earth magnets, vital for EV motors. This shortfall stems from China's tightened export restrictions on these critical materials. While Maruti aims to meet its full-year target by increasing production later, other Indian carmakers are seeking government intervention to address import challenges. What's Your Reaction?
