Firms weigh importing motors or sending parts to China to keep assembly lines running
To reduce its dependence on China for rare earth magnets, India is offering financial incentives to companies and drafting a plan to partly subsidise the price gap with Chinese imports
Indian auto leaders to meet Chinese officials next week, aiming to resolve rare earth magnet export delays that threaten electric vehicle production and supply chain stability
The industry group also suggested a delegation of auto-company representatives go to China to take up the matter with the authorities there
The Nolans project is slated to be the country's third rare earths processing plant
For a period of a few hundred years, the Earth's magnetic field was reversed