No visibility on magnet imports, auto component makers fear stock out within two months: ACMA President
India’s auto component industry is staring at an imminent crisis as magnet imports, critical for electric vehicles (EVs) and advanced automotive electronics, face severe supply disruptions. According to Vinnie Mehta, Director General of the Automotive Component Manufacturers Association of India (ACMA), the industry currently has no visibility on magnet import consignments and could exhaust existing…