India is building rare earth corridors to boost EV production
India just announced four new rare earth corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu to boost local electric vehicle (EV) production.
These hubs will handle everything from mining to making crucial magnets for EV motors, backed by a ₹7,280 crore plan announced in the 2026 budget.
Currently, India relies heavily on China for battery imports
Right now, India depends on China for over 75% of its lithium-ion cells—an issue as Chinese export perks are ending soon and prices could rise.
By building these corridors and supporting local battery production, India hopes to cut import reliance and lower costs.
The industry is also asking for more government support—like GST rationalization for EV components and better charging infrastructure—to make electric rides more affordable and accessible for everyone.