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Business Standard

Mercedes-Benz India unfazed by China rare-earth magnets supply curbs

Company is 'comfortably placed' this year in sourcing critical supply, says automaker Sohini Das Mumbai Listen to This Article China restricting imports of rare-earth magnets (REM) will not affect Mercedes-Benz India's production or launch plans this year, said a senior executive of the automaker on Friday. The company is 'comfortably placed' this year in sourcing REM, Santosh Iyer, managing director of Mercedes-Benz India, told 'Business Standard' at the sidelines of the launch of the company's performance cars AMG – GT 63 and GT 63 Pro in Mumbai. The company does not plan production cuts or delay timelines for launches as a result of the REM crisis, he said. Its German parent is handling sourcing.