Rare earth, rarer nod: Indian firms’ magnet waitlist doubles in 2 weeks, sends industry into supply tailspin
New Delhi: The number of India-based companies awaiting licences from China’s commerce ministry to procure rare earth magnets has nearly doubled to 21 from 11 two weeks ago, according to people familiar with the matter. These include Bosch India, Marelli Powertrain India, Mahle Electric Drives India, TVS Motor and Uno Minda, they said. Sona Comstar,…