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Bajaj Auto, India raises concern for EV production due to rare earth magnets from China
On May 29, Bajaj Auto, in an investor update, announced the potential risk to its EV production due to uncertainties around the continued supply of rare earth magnets from China. Bajaj Auto cautioned that any delay or disruption in this process could start affecting production by July 2025.
Given that nearly 90% of t....
Given that nearly 90% of t....
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