Toyota Kirloskar Motor (TKM) believes that the rare earth magnet shortage issue will be resolved soon as it was “heartening” to see the entire Indian automotive industry and the central government working collaboratively on this matter, its Country Head Vikram Gulati told Business Standard in an interview on Wednesday.
“As of now, we have no concerns per se, but it is something that we are monitoring. Of course, this is a pan industry issue,” he said.
When asked if the rare earth magnet shortage has had any effect on TKM’s production plans, he replied, “No, I’m not saying that. I’m
