Volkswagen
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Rare Earth Magnet Shortage Threatens Auto Production in India As reported in recent CNBC coverage, India’s automotive sector is bracing for potential production delays as a global shortage of rare earth magnets, critical for both electric vehicles (EVs) and traditional internal combustion engine (ICE) vehicles, has begun to put a strain on supply chains. China has control over 90% of the global supply of rare earth materials. The country’s priorities are… |
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Why Russia-Ukrainian War Could Help India to Get More Chips for Car Manufacturing Martin Schwenk, MD & CEO Mercedes-Benz India, told media that the situation is now 'cynical' to discuss allocation. It is obviously logical that if a part is available, it will be distributed across various markets Amidst the ongoing Russian-Ukrainian border tussle, several automobile experts have now arrived at a conclusion that the Indian… |
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Chipset supply in Q3 will be tight and volatile, claims carmakers By the end of September, Toyota announced to widely cut its production rate to 40 percent that will affect 14 plants in Japan and many of its North American plants With a set of major warnings in the past week by giant car manufacturers such as Volkswagen and Toyota who provided a new picture that the automobile industry is still under major crisis… |
