Maruti Suzuki cuts near-term EV production by two-thirds amid rare earths crisis
Synopsis
Maruti Suzuki is significantly reducing its initial production target for the e-Vitara EV due to rare earth material shortages stemming from China's export restrictions. The company now aims to produce approximately 8,200 vehicles in the first half of FY25-26, a substantial decrease from the original plan of 26,500.
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