📊Executive Summary

India's electronics and automotive sectors are facing a critical shortage of rare earth elements, particularly neodymium, dysprosium, and terbium, essential for high-performance components like magnets in electric vehicles (EVs). This disruption follows China's tightened export restrictions implemented in April 2025, threatening over 21,000 jobs in India's audio electronics industry. Manufacturers are increasingly reliant on imports from China, undermining the 'Make in India' initiative. Automakers such as Bajaj Auto and Ather Energy are cutting production due to the scarcity of magnets, which are vital for EV motors. The Indian government is preparing a substantial plan to boost domestic rare earth production to reduce reliance on imports and strengthen India's position in global supply chains....