New Delhi, Feb. 10 -- India aims to focus on domestic manufacturing of sintered rare earth permanent magnets used in electric vehicles as part of a broader push to deepen its electric mobility, clean manufacturing ecosystem and reduce import dependence, Union Heavy Industries Minister HD Kumaraswamy said today.

"This forward-looking initiative will promote indigenous manufacturing of sintered rare earth permanent magnets, which are critical components for electric vehicles, wind turbines, defence systems and aeronautics," Kumaraswamy said while addressing the 5th Global Electric Mobility Summit 2026 organised by Society of Indian Automobile Manufacturers (SIAM).

The minister said the Union Cabinet has approved the Rare Earth Permanent M...