New Delhi, June 6 -- The EV companies in the country is already facing heat with China's supply restrictions on the rare earth metals, according to a report by Jefferies.

The Jefferies report highlighted that several Indian companies are struggling to import magnets from China, which are crucial components in the production of EV motors.

The report warned that once the current stock of these magnets runs out, motor production could be severely affected, putting the entire supply chain at risk.

It said "Based on our conversations with Indian companies, industry is facing a challenge in importing magnets from China and EV motor production could be at risk once the existing magnet inventories get exhausted".

Federation of Automobile Deal...