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EV transition and tariff wars redefine India’s auto components play
India’s auto component industry is poised to hit $ 145 billion by FY30 from $ 80 billion in FY25. Yet high US tariff, EV transition and heavy reliance on imports from China expose vulnerabilities, writes Rakesh Rao.Read more
India’s Blueprint to Localise Rare Earth Magnet Production
According to Primus Partners, India must localise rare earth magnet production with a five-pillar strategy to reduce China dependence and secure the electric vehicle (EV) and clean energy ecosystem.Read more
Can the new RDI scheme be a game-changer for R&D in India?
India spends just 0.64 per cent of its GDP on R&D (compared to global average of above 2 per cent). The new Research Development and Innovation (RDI) scheme, with a corpus of Rs 1 trillion, can change this equation, says Rakesh Rao.Read more
Uncertainty over rare-earth magnets supply hurting Indian auto industry
According to ICRA, inventories of rare earth magnets may last only until mid-July 2025 for certain automotive applications. It adds that contingency options appear ridden with logistical, regulatory, and engineering complexities.Read more
