Mahindra and Uno Minda plan local magnet production as India seeks self-reliance amid China's export restrictions.

• China’s magnet export limits prompt Indian firms and the government to boost domestic rare earth magnet manufacturing capacity.
• Mahindra and Uno Minda show interest, pending incentives; Sona Comstar already exploring local magnet production.
• India eyes domestic mining, Myanmar resources, and Central Asia partnerships as IREL halts exports to secure the supply chain.