‘Been hit quite hard…’: Bajaj Auto reels from China’s rare earth magnet curbs; Rajiv Bajaj says ‘looking at a zero month’ – Times of India
India’s second-largest electric scooter manufacturer by volume has been compelled to reduce its EV production by 50% this month. China’s rare earth magnet curbs are set to hit India’s auto sector, with Bajaj Auto being possibly the first to halt production of its electric scooters in August. According to Bajaj Auto managing director Rajiv Bajaj,…
