Auto companies face shortages due to China's rare earth restrictions
Indian carmaker Bajaj Auto warned that further delays in securing the supply of rare earth magnets from China could "seriously impact" EV production by July.
Auto parts maker Bosch said bottlenecks in the supply of rare earths were affecting its suppliers, who had to furnish a lot of detailed information to get export licences.
BMW said a part of its supplier network was affected by the shortage, but its own plants were running as normal.
Maruti Suzuki, India's top-selling carmaker, said there was no immediate impact, and it was in talks with the government on the matter.
German auto supplier ZF said it sees the effect of a rare earths shortage on some of its suppliers, though it does not procure the raw materials itself.
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