New Delhi, July 9 -- While India aspires to become a global electric vehicle (EV) hub, the current crisis because of China's tighter export rules on rare earth metals exposes the fragility of India's supply chains noted a report by Primus Partners, a global management consulting firm.

China's tighter export rules on rare earth minerals announced on April 4 have already begun delaying magnet shipments to India.

This situation has exposed a critical issue: the success of India's electric vehicle (EV) growth heavily depends on rare-earth materials that are almost entirely controlled by China.

The report stated that "India's EV surge needs a home-grown magnet fix".

It further added, "Although India has the world's fifth-largest rare-earth...