China trapped in its own 'trick', the problem of 'loved ones' stopped on rare meaning, impact in India

The ban on rare economy imposed by China can become a problem for its own companies. The role of China in the case of rare meaning elements is very important and impressive. China is the world's largest rare meaning producer and processor. China alone makes around 6070% supply and 90% processing of the world. In India, 90 percent of the rare meanings used to be imported from China till now, but now its sanctions have created concern for Indian automobile companies as well as companies belonging to China.

JSW MG Motor India, who belongs to China in this case, has said that even though China has some stake in the company, the impact of rare meaning is as much on it as it is on any Indian vehicle manufacturer. According to a report by Autocar professionals, the company's managing director Anurag Mehrotra has clearly stated that China's connection with Saic Motor does not give them any special benefit. MG Motor is a British automotive brand, which is currently owned by Chinese government company Saic Motor. SAIC acquired the brand after purchasing Nanjing Automobile Corporation in 2007, which earlier bought the brand from the closed MG Rover Group. However, MG has retained its British heritage and design.

There is no problem in supply at the moment

MG said that the company said that the company is closely monitoring the state of rare meaning and at the moment there is no major supply problem. However, he warned that the real challenge for the auto industry could be revealed in the next few months. He said that right now the company is getting the parts that were ordered in April, because it is a three -month cycle. Mehrotra said that this problem is not limited to electric vehicles (EV) only. Rare Earth Magnets deficiency can also affect petrol and diesel vehicles, because they are used in parts of many vehicles.

MG motor production will not stop

At present, there is no major obstruction in the production of MG motor, but the company will keep a close watch on the situation in the coming time. Mehrotra said that this issue is being taken seriously at the industry level and the organization of companies is working closely with the government so that any train manufacturer, whether it is not affected by any vehicle manufacturer, whether it is a passenger vehicle, commercial vehicle or two-wheeler.

The effect of lack of rare meaning on Indian companies

Lack of rare economy magnets has now become a big problem for India's electric two -wheeler (EV) companies. The big EV companies of the country have openly said that due to the restrictions imposed by China on exports, their production can have a big impact. These restrictions have been applicable for the last four months and companies now have a very limited stock left. For this reason, Ather Energy, Bajaj Auto and TVS Motor are now going to reduce the production of their vehicles. According to the Economic Times report, Bajaj Auto is planning to reduce its production capacity by about 50%. At the same time, Ather Energy can reduce its production by 8 to 10 percent.