Indian ferrite industry surges on EV demand, China supply fears
India's ferrite magnet industry is accelerating production to meet EV motor and sensor demand, as supply-chain planners diversify away from Chinese capacity due to geopolitical tension. Local manufacturers are ramping output to capture automotive and industrial-electronics orders.
The shift mirrors broader efforts by Western OEMs to de-risk rare-earth and magnet sourcing. India's ferrite capacity gains traction as a near-ally alternative, reducing single-nation dependency for critical electromagnetic components in electric-vehicle powertrains and industrial automation.