China introduced restrictions on its rare earth exports in April, two days after Trump announced retaliatory tariffs.
By Gurvinder Singh
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In July, India’s best-selling electric scooter, Bajaj Auto’s Chetak, hit a big speed bump. A shortage of rare-earth metals had hit production plans, and the company was forced to almost halve its output.
Bajaj manufactured just 10,824 units of the Chetak in July, as compared with 20,384 units during the same period last year, due to rare earth shortages.
