New Delhi, July 9 -- The Automotive Component Manufacturers Association (ACMA) has called for the development of a comprehensive national strategy on critical materials to protect India's electric vehicle and mobility manufacturing sector from potential supply chain disruptions.
The appeal comes as the country's automotive industry confronts the possibility of production cuts once existing inventory supplies are depleted, following a complete halt in rare earth magnet imports since April.
ACMA President Shradha Suri Marwah addressed the situation on Tuesday, emphasising that the restricted availability of rare earth magnets poses a significant threat to the sector's stability.
She described the shortage as a major concern while noting ...
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