Rare earth magnet bottleneck threatens Bajaj Auto’s EV output; Q4 profit rises 6% amid strong domestic demand
Mumbai: Bajaj Auto warned of a looming disruption in electric scooter production starting July if the ongoing restrictions on exports of rare earth magnets by China are not resolved swiftly. The company flagged a significant operational risk during its March quarter earnings call, with inventories of the critical component depleting and no clear timeline for … Read more