Latest news with #EUC
Time of India
20-06-2025
- Automotive
- Time of India
Desi auto cos yet to get Beijing nod for magnets
No Indian auto component or vehicle company managed to get approval from the Chinese govt for procuring rare earth magnets so far, sources said. They added that there is also "no clarity as yet" on any timeline for a confirmed meeting with representatives of the Chinese govt, despite the intervention of Indian officials. The applications for sourcing magnets were filed mainly by auto component manufacturers, who provide fully-built sophisticated component assemblies such as speedometers, electric motors, e-axles, electric water pumps, automatic transmission kits, speakers, sensors and ignition coils (used in engines). The companies that applied include Uno Minda, Bosch, Mareli, TVS Group, Motherson Sumi and Sona Comstar. "There were no approvals so far, according to the latest assessment we carried through interactions with industry representatives," one of the sources told TOI. "The situation is grave, and there is now massive uncertainty regarding manufacturing schedules and factory output." The request for a meeting with Chinese representatives is being pursued not only by industry bodies - Auto Component Manufacturers Association (Acma) and Society of Indian Automobile Manufacturers (Siam) - but also by ministries, such as heavy industries, external affairs, and Commerce. Officials from major automobile companies like Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Bajaj Auto, and TVS are also pursuing the matter. The industry also had a meeting with top officials at the ministry of heavy industries earlier this week as govt looks at ways to navigate out of the current crisis. "However, not much headway was made so far," an official source said. Industry executives said the ministry onboarded Ernst & Young as a partner to work on the issue. The meeting also reviewed the preparation of some Indian companies working in the field of magnets. The auto industry requested local producers to give a firm timeline on supplies, if at all possible, emphasising that their production line is dependent on quick procurement. Both Acma and Siam prepared a list of delegates that they intend to rope in if a visit to China can be facilitated by the govt. Through a notification issued on April 4 this year, the Chinese govt imposed certain restrictions in the export permit system for medium and heavy rare earth metals, its alloys, magnets, and related products. To stop the diversion of magnets to defence and weapon requirements, China mandated that exporters must obtain a licence based on the provision of an End User Certificate (EUC), which would need approval from DGFT and the ministry of external affairs and also be endorsed by the Chinese Embassy in India. After this, the EUC needs to be sent to China for approvals - first from the provincial govt from where the exporter in China will produce and export and then from China's ministry of commerce.
Time of India
20-06-2025
- Automotive
- Time of India
Desi auto companies yet to get Beijing nod for magnets
Danny generated AI Image NEW DELHI: No Indian auto component or vehicle company managed to get approval from the Chinese govt for procuring rare earth magnets so far, sources said. They added that there is also "no clarity as yet" on any timeline for a confirmed meeting with representatives of the Chinese govt, despite the intervention of Indian officials. The applications for sourcing magnets were filed mainly by auto component manufacturers, who provide fully-built sophisticated component assemblies such as speedometers, electric motors, e-axles, electric water pumps, automatic transmission kits, speakers, sensors and ignition coils (used in engines). The companies that applied include Uno Minda, Bosch, Mareli, TVS Group, Motherson Sumi and Sona Comstar. "There were no approvals so far, according to the latest assessment we carried through interactions with industry representatives," one of the sources told TOI. "The situation is grave, and there is now massive uncertainty regarding manufacturing schedules and factory output." The request for a meeting with Chinese representatives is being pursued not only by industry bodies - Auto Component Manufacturers Association (Acma) and Society of Indian Automobile Manufacturers (Siam) - but also by ministries, such as heavy industries, external affairs, and Commerce. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo Officials from major automobile companies like Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Bajaj Auto, and TVS are also pursuing the matter. The industry also had a meeting with top officials at the ministry of heavy industries earlier this week as govt looks at ways to navigate out of the current crisis. "However, not much headway was made so far," an official source said. Industry executives said the ministry onboarded Ernst & Young as a partner to work on the issue. The meeting also reviewed the preparation of some Indian companies working in the field of magnets. The auto industry requested local producers to give a firm timeline on supplies, if at all possible, emphasising that their production line is dependent on quick procurement. Both Acma and Siam prepared a list of delegates that they intend to rope in if a visit to China can be facilitated by the govt. Through a notification issued on April 4 this year, the Chinese govt imposed certain restrictions in the export permit system for medium and heavy rare earth metals, its alloys, magnets, and related products. To stop the diversion of magnets to defence and weapon requirements, China mandated that exporters must obtain a licence based on the provision of an End User Certificate (EUC), which would need approval from DGFT and the ministry of external affairs and also be endorsed by the Chinese Embassy in India. After this, the EUC needs to be sent to China for approvals - first from the provincial govt from where the exporter in China will produce and export and then from China's ministry of commerce. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
16-06-2025
- Automotive
- Time of India
Government to 'facilitate' auto companies procure Chinese magnet
The government has stepped in to support the auto and component industry's efforts to procure rare earth magnets from China with companies submitting End User Certificate (EUC) to Beijing, certifying no diversion of the shipment towards defence or weapons production. The commerce department and the ministry of external affairs have been engaged in the process of seeking time for an interface of the Indian industry with representatives of the Chinese government. "We are mindful of the concerns of the industry, especially as manufacturing schedules are likely to be disrupted if the supplies do not resume in some time," one of the sources said. A senior government official said that commerce secretary Sunil Barthwal recently held consultations with auto sector representatives and over the next few weeks, a delegation of executives from industry bodies is expected to go to China, with the Indian embassy in Beijing facilitating the exercise. The government, however, wants to play the role of a "facilitator" in the process, clearly demarcating it from being seen as a G2G (government-to-government) negotiation. "The idea is to involve the respective stakeholders and ministries for a concerted effort to expedite the approval process. The industry has already submitted the requisite documents related to the matter." Local industry has argued it is working on developing capabilities, but it is seen to be a massive challenge. "Developing indigenous supplies and capabilities is crucial, but it's a complex process requiring large-scale investments. Also, mitigating challenges of radioactive materials during the extraction process is also a critical factor," said Alok Perti, former coal secretary and now a senior board advisor with B2B mining and metal industry body MMPI. "Providing viability gap funding like PLI schemes by the government, encouragement to undertake research with countries like Russia, Australia, is also relevant." Source said that auto industry bodies, the Society of Indian Automobile Manufacturers (Siam), that represents product companies as well as the Automotive Components Manufacturers Association (ACMA), have been carrying out direct interface with government on the matter, even while companies have submitted their petitions through the route mandated by the Chinese government. The applications have reached China, and companies are eagerly awaiting movement, officials of at least four large companies told TOI. The industry is hopeful of a "positive result" following the meetings that Chinese vice foreign minister Sun Weidong, who is on a two-day visit to India, has had with his Indian counterparts.
Time of India
15-06-2025
- Automotive
- Time of India
Government to 'facilitate' auto companies procure Chinese magnet
This is an AI-generated image, used for representational purposes only. NEW DELHI: The government has stepped in to support the auto and component industry's efforts to procure rare earth magnets from Chin,a with companies submitting End User Certificate (EUC) to Beijing, certifying no diversion of the shipment towards defence or weapons production. The commerce department and the ministry of external affairs have been engaged in the process of seeking time for an interface of the Indian industry with representatives of the Chinese government. "We are mindful of the concerns of the industry, especially as manufacturing schedules are likely to be disrupted if the supplies do not resume in some time," one of the sources said. A senior government official said that commerce secretary Sunil Barthwal recently held consultations with auto sector representatives and over the next few weeks, a delegation of executives from industry bodies is expected to go to China, with the Indian embassy in Beijing facilitating the exercise. The government, however, wants to play the role of a "facilitator" in the process, clearly demarcating it from being seen as a G2G (government-to-government) negotiation. "The idea is to involve the respective stakeholders and ministries for a concerted effort to expedite the approval process. The industry has already submitted the requisite documents related to the matter." Local industry has argued it is working on developing capabilities, but it is seen to be a massive challenge. "Developing indigenous supplies and capabilities is crucial, but it's a complex process requiring large-scale investments. Also, mitigating challenges of radioactive materials during the extraction process is also a critical factor," said Alok Perti, former coal secretary and now a senior board advisor with B2B mining and metal industry body MMPI. "Providing viability gap funding like PLI schemes by the government, encouragement to undertake research with countries like Russia, Australia, is also relevant." Source said that auto industry bodies, the Society of Indian Automobile Manufacturers (Siam), that represents product companies as well as the Automotive Components Manufacturers Association (ACMA), have been carrying out direct interface with government on the matter, even while companies have submitted their petitions through the route mandated by the Chinese government. The applications have reached China, and companies are eagerly awaiting movement, officials of at least four large companies told TOI. The industry is hopeful of a "positive result" following the meetings that Chinese vice foreign minister Sun Weidong, who is on a two-day visit to India, has had with his Indian counterparts. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Globe and Mail
12-06-2025
- Business
- Globe and Mail
World of EUC: Extraordinary Keynote in End User Computing
The World of EUC has announced an unprecedented keynote for its EUC World Amplify conference, set for August 4-7, 2025, in Minneapolis. Top technical experts from end user computing giants will take the stage for an unfiltered discussion of all things EUC. Charleston, South Carolina--(Newsfile Corp. - June 11, 2025) - The World of EUC (WEUC) has announced an unprecedented keynote panel for its second annual EUC World Amplify conference, scheduled for August 4-7, 2025, in Minneapolis, Minnesota. For the first time, top technical experts from end user computing (EUC) giants will take the stage together for an independent and unfiltered discussion of all things EUC. Extraordinary Keynote in End User Computing To view an enhanced version of this graphic, please visit: Confirmed panelists include: Andrew Morgan from AWS, Shawn Bass from Citrix, Ryan Costello from Google Cloud, Joe Rizkallah from Nutanix, Lokesh Batra from NVIDIA, Christopher Reed from Omnissa, and Christian Aquilina from Parallels. Titled "EUC Tomorrow, Today," the discussion will be moderated by WEUC Director Stephen Wagner. Registration is open at "This will be a real discussion providing real insight with an engaged, in-person community," said Wagner. "These panelists and their companies will shape this industry for the next decade and beyond. This is a huge learning opportunity for every EUC professional out there." The keynote is a live and in-person event. WEUC will not video record or share a transcript. Registration is open at Janna White, WEUC Director, said "Our board has 100 plus years of experience in the industry and we've never seen a panel with so much influence across EUC technologies. We are incredibly proud and grateful to the participants." "It is because of WEUC's independence and the participants' support for a strong EUC community that this is possible," said Jarian Gibson, WEUC Chairperson. "These panelists are smart. You can count on great insights. Let's Go!" WEUC is a nonprofit founded in 2024 to cultivate a thriving community where EUC professionals share insights, foster collaboration, and build connections. WEUC is an independent, inclusive and vendor-agnostic platform. Learn more here: EUC World Amplify is WEUC's 2025 in-person event drawing EUC professionals, vendors and channel partners from around the world. Learn more here: To view the source version of this press release, please visit
