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India's auto sector least impacted by rare earth curbs; EVs, hybrids hit hardest: Report
India's auto sector least impacted by rare earth curbs; EVs, hybrids hit hardest: Report

Hindustan Times

time6 days ago

  • Automotive
  • Hindustan Times

India's auto sector least impacted by rare earth curbs; EVs, hybrids hit hardest: Report

While rare earth magnets are utilised by a wide range of industries, the biggest effect of the restrictions will be felt in the EV sector. (Bloomberg) Notify me India's auto sector is least impacted by the recent curb of rare earth magnets by China as over 95 per cent of vehicles in India's are internal combustion engine (IC) vehicles noted a report by Nuvama. Electric vehicles (EVs), along with hybrid passenger vehicles and electric two-wheelers, are likely to face the most impact from restrictions on rare earth materials (REMs). The report explained that while REMs are used in a wide range of industries, the biggest effect of the restrictions will be felt in the EV sector, particularly in EV motors. It stated "The greatest impact of the above restriction in descending order will be electric PVs, hybrid PVs, and electric 2W. Conventional ICE vehicles will be least impacted". In India, EV adoption is still at an early stage, with penetration at just 7 per cent for two-wheelers and 3 per cent for passenger vehicles. Although EV sales have grown at a strong compound annual growth rate (CAGR) of 25 per cent between FY23 and FY25, the growth is on a low base. Therefore, even if sales decline, the overall effect on the Indian auto sector is expected to be limited. Also Read : UP Govt to set up ₹ 700 crore EV park in Kanpur with R&D and logistics connectivity Most electric vehicles use Permanent Magnet Synchronous Motors (PMSMs), which rely on REMs to maintain a stable magnetic field, especially at high temperatures. The use of PMSMs is far higher in EVs compared to hybrid or ICE vehicles. As per the report, the average REM usage per vehicle is around 0.8 kg for electric vehicles, 0.5 kg for hybrid vehicles, and just 0.1 kg for ICE vehicles. Hence, the impact of the restrictions will be the highest on electric passenger vehicles, followed by hybrid passenger vehicles, and then electric two-wheelers. Conventional ICE vehicles will see minimal impact. In April, China imposed restrictions on the export of seven key rare earth elements: samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium. These elements are essential in producing magnets like neodymium iron boron (NdFeB) and samarium-cobalt (SmCo), which are used in various applications including EVs. China currently controls over 90 per cent of global processing of rare earth elements, giving it significant control over the global REM supply chain. Though the restrictions are mainly aimed at the defence sector, the ripple effects will be seen across the auto, industrial, and aerospace industries. Auto manufacturers will now need to get end-user certification from the Chinese government to continue sourcing these materials. The process is expected to take around 45 days. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 17 Jun 2025, 09:33 AM IST

Rare earth magnet crisis: A dent in Indian auto sector
Rare earth magnet crisis: A dent in Indian auto sector

New Indian Express

time14-06-2025

  • Automotive
  • New Indian Express

Rare earth magnet crisis: A dent in Indian auto sector

The Indian automotive sector, particularly its electric vehicle (EV) segment, is grappling with a looming supply-chain disruption due to China's stringent export restrictions on rare earth magnets. These low-cost yet functionally critical components are indispensable for modern vehicles, and their scarcity threatens to impact production, new model launches, and the industry's ambitious growth trajectory. What are Rare Earth Magnets and why are they critical? Rare earth magnets are made from alloys of rare earth elements. They are integral to Permanent Magnet Synchronous Motors (PMSMs), which are widely used in EVs for their high torque, energy efficiency, and compact size. Hybrid vehicles also rely on them for efficient propulsion. In Internal Combustion Engine (ICE) vehicles, their use is primarily limited to electric power steering and other motorized systems. Elements like Dysprosium (Dy), Terbium (Tb), Neodymium (Nd), and Praseodymium (Pr) are crucial for these magnets, especially in high-performance applications. China's dominance and new restrictions China is the world's dominant exporter of rare earth magnets, controlling over 70% of global Rare Earth Element (REE) production and over 90% of refining capacity. In April 2025, Beijing imposed stricter export controls on seven rare earth elements and finished magnets, mandating export licenses. This revised framework demands detailed end-use disclosures and client declarations, including confirmation that products will not be used in defense or re-exported to the US. This added scrutiny has prolonged the clearance process to at least 45 days, leading to significant delays and a growing backlog that is tightening global supply chains. Impact on the Indian automotive sector India, which sourced over 80% of its approximately 540 tonnes of magnet imports from China last fiscal year, has begun to feel the pinch. By the end of May 2025, despite nearly 30 import requests from Indian companies being endorsed by the Indian government, none had received approval from Chinese authorities, and no shipments had arrived.

RARE EARTH MAGNETS SUPPLY RISK TO INDIA
RARE EARTH MAGNETS SUPPLY RISK TO INDIA

Hans India

time11-06-2025

  • Automotive
  • Hans India

RARE EARTH MAGNETS SUPPLY RISK TO INDIA

New Delhi: A disruption in rare earth magnet supplies lasting beyond a month can impact production of passenger vehicles, including electric models, weighing on the domestic automobile industry's growth momentum, a report on Tuesday said. Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India's automotive sector if China's export restrictions and delays in shipment clearances persist, Crisil Ratings said in a statement. 'The supply squeeze comes just as the auto sector is preparing for aggressive EV rollouts. Over a dozen new electric models are planned for launch, most built on PMSM platforms,' Crisil Ratings Senior Director Anuj Sethi said. While most automakers currently have 4-6 weeks of inventory, prolonged delays could start affecting vehicle production, with EV models facing deferrals or rescheduling from July 2025, he added. A broader impact on two-wheelers and ICE PVs may follow if the supply bottlenecks persist for an extended period, Sethi said. 'The shortage of rare earth magnets is forcing automakers to reassess supply-chain strategies. Despite contributing less than 5 per cent of a vehicle's cost, these magnets are indispensable for EV motors and electric steering systems,' said Crisil Ratings Director Poonam Upadhyay. Automakers are actively engaging with alternative suppliers in countries such as Vietnam, Indonesia, Japan, Australia, and the US, while also optimising existing inventories, she noted. Rare earth magnets are integral to Permanent Magnet Synchronous Motors (PMSMs) used in EVs for their high torque, energy efficiency and compact size. Hybrids also depend on them for efficient propulsion. In internal combustion engine (ICE) vehicles, the use of rare earth magnets is largely limited to electric power steering and other motorised systems. In April this year, China, the world's dominant exporter of rare earth magnets, imposed export restrictions on seven rare earth elements and finished magnets, mandating export licences. The revised framework demands detailed end-use disclosures and client declarations, including confirmation that the products will not be used in defence or re-exported to the US. With the clearance process taking at least 45 days, this added scrutiny has significantly delayed approvals.

10 Most Powerful New Cars on Sale in Australia

Man of Many

time19-05-2025

  • Automotive
  • Man of Many

10 Most Powerful New Cars on Sale in Australia

The most powerful cars in Australia are led by brands like Porsche, Lamborghini, Ferrari, and Aston Martin. However, we bet you didn't expect to see two Lotus EVs on our list. That's the beauty of the horsepower wars, because these days, anyone can make 1,000HP, the question is whether or not that's a reasonable thing to do in a road-going vehicle. While we understand that your mate's de-stroked R32 Skyline GT-R with a built engine and single turbo conversion produces a megawatt, we're interested in brand new cars you can buy from a showroom today. Yes, some of the vehicles we've included are strictly allocation-only, but if you can buy it with legal tender, we've included it. These are the most powerful new cars on sale right now. Most Powerful New Cars in Australia at a Glance Highlights from our list include the following options: Now you've read the highlights, let's check out the complete list. Porsche Taycan Turbo GT | Image: Supplied / Porsche Australia 1. Porsche Taycan Turbo GT, 815 kW (1,092 HP) Price: from AUD$416,600 plus on-road costs The most powerful new car on sale in Australia is the Porsche Taycan Turbo GT. Its dual electric motors can produce up to 815 kW (1,092 HP) of power and 1,240 Nm of torque in Launch Control, which propels this vehicle from 0-100km/h in 2.2 seconds (with the optional Weissach Package). So, not only is it the most powerful, but it's the quickest car on sale. Ownership of this car should come with a neck brace because acceleration of this kind is sickening—and shockingly easy to accomplish. Left foot on the brake, right foot on the accelerator, wait, let go, and 815 kW of power launches you into the stratosphere. What's more impressive, however, is the fact that it also holds the record for the fastest four-door car of any powertrain type at the Nürburgring Nordschleife (7:07.55 min). Bonkers stuff! Yes, it's driving around with 580 kW (789 PS) of power most of the time, but it can technically make the full 815 kW (1,092 HP) at every set of traffic lights if you wanted. Powertrain : Dual electric motors (Permanent Magnet Synchronous Motors) : Dual electric motors (Permanent Magnet Synchronous Motors) Maximum power : 815 kW (1,092 HP) : 815 kW (1,092 HP) Maximum torque : 1,240 Nm : 1,240 Nm Acceleration (0-100km/h) : 2.2 seconds (with Weissach Package) : 2.2 seconds (with Weissach Package) Top speed: 305 km/h (with Weissach Package) Lamborghini Revuelto | Image: Supplied / Lamborghini 2. Lamborghini Revuelto, 747 kW (1,001 HP) Price: from AUD$987,000 plus on-road costs The most powerful new car with an internal combustion engine (ICE) is the Lamborghini Revuelto. It combines a 6.5-litre V12 engine and three electric motors to produce 747 kW (1,001 hp) of power and 725 Nm of torque. What's more impressive is that it can do this all the time, as Porsche limits the maximum power output of the Taycan Turbo GT to Launch Control mode. We had a chance to test the Revuelto at a recent track day at Sydney Motorsport Park, and it's officially the fastest car we've ever driven at this track—294km/h down the front straight says so. The 0-100km/h time of 2.5 seconds doesn't sound particularly impressive compared to the EVs on our list, but the in-gear acceleration is on another level. Engine : 6.5-litre V12 plug-in hybrid : 6.5-litre V12 plug-in hybrid Maximum power : 747 kW (1,001 hp) : 747 kW (1,001 hp) Maximum torque : 725 Nm : 725 Nm Acceleration (0-100km/h) : 2.5 seconds : 2.5 seconds Top speed: 350 km/h 2025 Porsche Taycan Turbo S | Image: Ben McKimm / Man of Many 3. Porsche Taycan Turbo S, 700 kW (939 HP) Price: from AUD$345,800 plus on-road costs Where the Turbo GT variant of the Taycan is its balls-to-the-wall track special, the Turbo S is now positioned as the more luxurious option in the lineup. Still, it's a mentally fast EV that can accelerate from 0-100km/h in 2.4 seconds when in Launch Control mode thanks to its 700 kW (939 hp) dual-motor powertrain. If you want to see what happened when we launched it with a regular person in the passenger seat, check out this video. We had a chance to spend a week with the new Taycan Turbo S, and while the power surprised us, it was the new battery and range that impressed us the most. Now with a claimed driving range (WLTP) of 600km, you can comfortably drive from Sydney to Canberra in one charge. Not only is it an excellent car to drive, but it's an excellent all-electric GT car because it's so efficient on the highway. You'd never know it's packing 700 kW of power, unless you look at the size of the 10-piston carbon ceramic front brakes. Engine : Dual electric motors : Dual electric motors Maximum power : 700 kW (939 hp) : 700 kW (939 hp) Maximum torque : 1,050 Nm : 1,050 Nm Acceleration (0-100km/h) : 2.4 seconds : 2.4 seconds Top speed: 260 km/h Lamborghini Temerario | Image: Supplied / Lamborghini APAC 4. Lamborghini Temerario, 677 kW (907 HP) Price: from AUD$613,885 plus on-road costs Lamborghini has an itch to scratch, and it's related to power. They didn't get the memo that the smallest car in their range is meant to be the least powerful, as they've stuck a 4.0-litre twin-turbo V8 plug-in hybrid powertrain into the new Temerario that produces 677 kW (907 hp). We haven't had a chance to drive this one just yet, as the local reveal only happened a few weeks ago, but we expect it to be just as mental as the Revuelto. The stats claim 0-100km/h in 2.7 seconds, but we reckon it might be even quicker. Engine : 4.0-litre twin-turbo V8 plug-in hybrid : 4.0-litre twin-turbo V8 plug-in hybrid Maximum power : 677 kW (907 hp) : 677 kW (907 hp) Maximum torque : 730 Nm : 730 Nm Acceleration (0-100km/h) : 2.7 seconds : 2.7 seconds Top speed: 343 km/h 2025 Lotus Emeya | Image: Ben McKimm / Man of Many 5. Lotus Emeya R, 675 kW (905 HP) Price: from AUD$259,990 plus on-road costs Lotus has changed, but they've brought a gun to a knife fight with the release of the all-electric Lotus Emeya R. Is it a Lotus? Not really. However, it's an outstanding electric vehicle that's very powerful and bonkers fast in a straight line despite its 2550 kg heft. 675 kW (905 HP) is produced from a dual-motor powertrain, and this is good for a 0-100km/h time of just 2.95 seconds. We spent a week with the Emeya S, which only produces 450 kW (603 hp) of maximum power, and found that while it's not going to take anything away from the Porsche Taycan Turbo S or GT in terms of straight-line speed, the ride comfort from the standard air suspension is top-notch. The steering is also very, very good, and the technology in the interior is up there with the best in the industry, thanks to the video game-like integration of Unreal Engine. Watch out, Porsche? Not quite, but it's a peek at the next-level stuff coming out of China. Engine : Dual electric motors : Dual electric motors Maximum power : 675 kW (905 hp) : 675 kW (905 hp) Maximum torque : 985 Nm : 985 Nm Acceleration (0-100km/h) : 2.95 seconds : 2.95 seconds Top speed: 265 km/h 2025 Lotus Eletre R | Image: Supplied / Lotus 6. Lotus Eletre R, 675 kW (905 HP) Price: from AUD$279,990 plus on-road costs The Lotus Eletre R is similar to the Emeya, but in SUV form. Like the GT, it produces 675 kW (905 HP) of power from dual electric motors and features many of the same ingredients on the inside and outside. However, it stands out because it's larger, meaning it can accommodate a family with a mum or dad who wants their daily driver to be as fast as their Lamborghini supercar. 0-100km/h is dispatched in 2.95 seconds, which is very quick for a vehicle that weighs 2,595 kg. Engine : Dual electric motors : Dual electric motors Maximum power : 675 kW (905 hp) : 675 kW (905 hp) Maximum torque : 985 Nm : 985 Nm Acceleration (0-100km/h) : 2.95 seconds : 2.95 seconds Top speed: 265 km/h Lamborghini Revuelto | Image: Ben McKimm / Man of Many 7. Aston Martin Vanquish, 614 kW (823 HP) Price: from AUD$737,000 plus on-road costs The most powerful new car on sale in Australia without any hybrid assistance, and the most powerful rear-wheel drive only car, is the Aston Martin Vanquish. Limited to 1,000 units a year, this is a special car reserved for the brand's top clients. Millionaires are lining up to get a taste of that 5.2-litre twin-turbo V12 goodness, and as our review details, it's worth the price of admission. 614 kW (823 hp) of power, 1,000 Nm of torque, it will accelerate from 0-100km/h in 3.5 seconds if you can get power to the ground through the rear wheels only. It's an absolute rocket-ship of a vehicle with the sound to match! Did we mention it's also the best-looking new car on sale?! Engine : 5.2-litre twin-turbo V12 : 5.2-litre twin-turbo V12 Maximum power : 614 kW (823 hp) : 614 kW (823 hp) Maximum torque : 1,000 Nm : 1,000 Nm Acceleration (0-100km/h) : 3.5 seconds : 3.5 seconds Top speed: 322 km/h Ferrari 12Cilindri Spider | Image: Supplied / Ferrari 8. Ferrari 12Cilindri and 12Cilindri Spider, 610 kW (819 HP) Price: from AUD$803,500 plus on-road costs The Ferrari 12Cilindri is the most powerful naturally-aspirated new car on sale in Australia. While it's slightly down on power compared to the Vanquish rival, the 6.5-litre V12 engine revs to 9,500 rpm and produces 610 kW (819 hp) of power and 678 Nm of torque, which is good for a 0-100km/h time of 2.9 seconds. That's faster to 100km/h than the Vanquish, but it doesn't quite feel as quick as it is down on peak power, but more importantly, torque, which gives you that impressive in-gear acceleration. How do we know? Well, we're one of the few people in the world who've driven the 12Cilindri and Vanquish. Engine : 6.5-litre V12 : 6.5-litre V12 Maximum power : 610 kW (819 hp) : 610 kW (819 hp) Maximum torque : 678 Nm : 678 Nm Acceleration (0-100km/h) : 2.9 seconds : 2.9 seconds Top speed: 340 km/h 9. Ferrari 296 GTB and GTS, 610 kW (819 HP) Price: from AUD$568,300 plus on-road costs The Ferrari 296 GTB and GTS might be the smallest cars in the Ferrari line-up, but they're still amongst the most powerful new cars you can buy. With a 3.0-litre twin-turbo V6 plug-in hybrid engine, the 296 produces 610 kW (819 hp) of power and 740 Nm of torque, which is good for a 0-100km/h time of 2.9 seconds. Internally, the engine is referred to as the 'Piccolo V12' because it sounds like a full-bore 12-cylinder, and after spending some time behind the wheel, we agree! Check out our feature YouTube video review above to hear it for yourself! Engine : 3.0-litre twin-turbo V6 plug-in hybrid : 3.0-litre twin-turbo V6 plug-in hybrid Maximum power : 610 kW (819 hp) : 610 kW (819 hp) Maximum torque : 740 Nm : 740 Nm Acceleration (0-100km/h) : 2.9 seconds : 2.9 seconds Top speed: 330 km/h 2025 Bentley Continental GT Speed | Image: Supplied / Bentley 10. Bentley Continental GT Speed, 575kW (771 HP) Price: from AUD$581,900 plus on-road costs plus on-road costs The new Bentley Continental GT Speed rounds out our list of the most powerful new cars in Australia with a 4.0-litre twin-turbo V8 plug-in hybrid powertrain that produces a maximum power output of 575kW (771 HP). It's identical to the engine used in the new 2025 Porsche Panamera Turbo S E-Hybrid, but we chose to include the Bentley here because of its impressive 0-100km/h time of 3.2 seconds. While we're yet to get behind the wheel of the new model, we did have a chance to drive a few Bentleys around the track in Adelaide two years ago, including the flagship 12-cylinder Speed variant, before they said goodbye to it and swapped in this PHEV twin-turbo V8. Engine : 4.0-litre twin-turbo V8 plug-in hybrid : 4.0-litre twin-turbo V8 plug-in hybrid Maximum power : 575 kW (771 hp) : 575 kW (771 hp) Maximum torque : 1,000 Nm : 1,000 Nm Acceleration (0-100km/h) : 3.2 seconds : 3.2 seconds Top speed: 335 km/h Alternatives to These High-Horsepower Production Cars Ferrari SF90 XX, 758 kW (1,016HP) : The Ferrari SF90 XX was previously one of Australia's most powerful new cars, but the production run of this plug-in hybrid V12 supercar has finished, and all cars have been allocated to their respective owners. : The Ferrari SF90 XX was previously one of Australia's most powerful new cars, but the production run of this plug-in hybrid V12 supercar has finished, and all cars have been allocated to their respective owners. Ferrari F80, 882 kW (1184 HP): Like the SF90 XX, the Ferrari F80 would sit at the top of our list, but it's unlikely to see right-hand-drive production. The plug-in hybrid hypercar's 499P endurance car engine puts a twin-turbo V6 engine and three electric motors together to produce a combined 882 kW (1184 HP).

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