Monday, October 12
The Indian automotive industry is preparing to send a high-level delegation to China next week to address escalating concerns over delays in rare earth magnet imports, people familiar with the development said.They noted that China's new export restrictions on rare earth materials, effective April 4, have created procedural bottlenecks, resulting in delayed shipments to Indian manufacturers.Several consignments of India-bound rare earth magnets - critical for electric motors and various automotive components - are reportedly stuck at Chinese ports, raising fears of production disruptions as early as the first week of June.A joint delegation from the Society of Indian Automobile Manufacturers (Siam) and the Automotive Component Manufacturers Association (ACMA) will meet with senior Chinese
