- Presently, China is the only country that manufactures NdFeB magnet, which is an integral component for manufacturing of the electric vehicle
- Gadkari appealed to the industry to find a solution to this issue and to see that India doesn’t need to depend on China
Road transport and highways minister Nitin Gadkari said that there was a need to reduce dependence on imported electric vehicle (EV) components. it includes lithium-ion batteries, magnets. He said that we should find ways to manufacture these in the country without compromising on quality.
Presently, China is the only country that manufactures NdFeB magnet, which is an integral component for manufacturing of the electric vehicle. In his addresses at a FICCI summit and AIMA, , Gadkari appealed to the industry to find a solution to this issue and to see that India doesn’t need to depend on China.
Swadeshi alternative in the country
He added that FICCI should do the research and study on the (EV) parts, we are making in India and what we are importing. We are importing EV parts—lithium-ion battery, magnets from China. He added that whatever we are importing, need to find out the swadeshi alternative in the country, without compromising the quality and cost. That is the main mission of Aatmanirbhar Bharat.
