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Maruti Suzuki Slashes EV Production Amid Rare Earth Shortage

Maruti Suzuki reduces EV production due to rare earth shortages, signaling global supply chain challenges for the electric vehicle industry.

The rare earth mineral shortage, exacerbated by China's export halt, is disrupting the global electric vehicle (EV) industry, forcing companies like Maruti Suzuki to cut production significantly. This situation highlights the vulnerability of the EV sector to supply chain disruptions and the urgent need for alternative material sources. For consumers and investors, this means potential delays in EV availability and a call to action for sustainable and diversified supply chains to ensure the future of green transportation.