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The scientists have fabricated improved low-cost heavy rare earth-free high Neodymium Iron Boron (Nd-Fe-B) magnets, which are in high demand for electric vehicles (EV) and can make them more affordable. ARCI is setting up a pilot plant to produce near net- shaped Nd-Fe-B magnets through a major project funded by the Science and Engineering Research Board (SERB) in line with the Government of India's Atmanirbhar Bharat mission. Rare Earth Metal Alloy
The EV Policy will come into effect for vehicles bought from this month onwards.
Neodymium Hydride Pandey said all complaints were being re-verified by agencies, while two EV makers have been suspended from taking incentives under the scheme after examination of complaints. He did not name the two companies.