Pakistan, June 18 -- India's electric vehicle (EV) industry is facing a serious challenge due to China's recent decision to curb exports of rare earth materials and magnets. These items are essential for EV production, especially for motors and batteries. Without a stable supply, many Indian automakers fear they may have to pause production. This could derail the country's big plans for green transportation just as new EV models are being launched.

Maruti Suzuki, one of India's largest car manufacturers, has already reduced its short-term production targets for its upcoming electric SUV, the e-Vitara. Bajaj Auto has also warned that it may cut back production by July if magnet imports from China don't resume. These magnets are mostly use...