Mahindra to pursue engineering actions to address rare earth magnet shortage issue: Group CFO

Mahindra & Mahindra is proactively managing potential rare earth magnet supply disruptions caused by China’s export restrictions. The company is securing alternative sources for the next nine months and investing in engineering solutions for long-term supply chain resilience. While Maruti Suzuki and Hyundai India haven’t faced production impacts, M&M is preparing for future growth amid industry-wide concerns.

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