How rare earth shortages are stalling India’s burgeoning EV sector | Trade War

In July, India’s best-selling electric scooter, Bajaj Auto’s Chetak, hit a big speed bump. A shortage of rare-earth metals had hit production plans, and the company was forced to almost halve its output.

Bajaj manufactured just 10,824 units of the Chetak in July, as compared with 20,384 units during the same period last year, due to rare earth shortages.

“The rare-earth magnet supply situation has been a constraint that created the risk of a sharper production dip in July,” Rakesh…