Maruti Suzuki says no immediate hit from China curbs on magnet exports
Maruti Suzuki
, India's top carmaker, said on Monday there is no immediate impact on its
car production
from China's export curbs on rare earth magnets, a key component in electric and gasoline cars.
Indian car and component manufacturers told Prime Minister Narendra Modi's officials last week that auto production could grind to a halt within days due to Chinese export restrictions on rare earth magnets, Reuters reported.
The companies want the government to lobby Beijing to relax the curbs.
by Taboola
by Taboola
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