Sona Comstar goes local, set to produce rare earth magnets in India for EVs to cut reliance on China: Details here

Sona Comstar goes local, set to produce rare earth magnets in India for EVs to cut reliance on China: Details here

Sona Comstar, India's top importer of rare earth magnets, plans to start domestic production to reduce reliance on China. This move aligns with the government’s push to incentivise local production after China restricted the export of rare earth magnets.