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Hyundai India likely to tap parent’s global supply chain for rare earth magnets

June 12, 2025 2 min read
author Anamika Mishra, Sub Editor
Amid growing concerns over rare-earth material shortages, Hyundai Motor India is looking to harness the strength of its parent company’s global supply chain network to secure critical components for its electric vehicle (EV) and hybrid lineup. This strategic move follows tightening export controls by China, the world’s leading supplier of rare-earth elements, which are essential for EV motor technology. According to sources familiar with the matter, Hyundai India currently maintains a healthy inventory of rare-earth magnets. However, with escalating geopolitical and trade uncertainties, the automaker is proactively exploring alternative sourcing options within Hyundai Motor Company’s international procurement framework.

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