India's Varroc developing rare earth-free EV magnet to cut China reliance
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Source: Nikkei Asia
Published: 2026-08-27 12:01 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Asia, China, India, Business & Economy, Asia Pacific
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Snippet:
Arjun Jain, CEO and whole-time director of Varroc Engineering's India business, says that the auto parts maker's growth prospects are largely driven by electric vehicles. (Nikkei montage/Source photos by AP and Varroc)
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