Nikhil Dhaka, Vice President, Primus Partners, shares his view on the potential fallout of China’s rare earth export restrictions, noting that companies like Maruti may not face immediate disruption due to their limited EV presence. He highlights that if procedural delays continue and major OEMs such as Tata Motors and Mahindra struggle to secure rare earth magnet supplies, the larger EV ecosystem may come under strain in the coming months. He mentions that the extent of impact will hinge on how quickly alternative sourcing options or policy-level responses are implemented.