.jpg?w=700&c=0 "Honda Shine 100 DX vs standard model: Differences explained")
On the demand front, Bharti said the company remains optimistic about the festive season, citing signs of a rural recovery and improved monsoon. Maruti Suzuki India is actively working to mitigate the impact of the global rare earth magnet shortage but has not yet seen any disruption in production, a senior executive said on Thursday, PTI reports.
Calling the situation “challenging”, Rahul Bharti, Senior Executive Officer, Corporate Affairs, said engineers are working on solutions to avoid potential impacts following China’s export curbs on key rare earth elements. “It’s work in progress, but we are managing for now,” he added.
China, which controls over 90 per cent of the global processing capacity, mandated export licences for certain rare earths from April, tightening supplies for industries including auto and electronics.
On the demand front, Bharti said the company remains optimistic about the festive season, citing signs of a rural recovery and improved monsoon. He noted that while Q1 was below expectations, Q2 could see improvement.
He also said discussions on the upcoming CAFE-3 fuel efficiency norms are progressing well, and final guidelines are expected in the next couple of months.
