Bengaluru, Aug. 19 -- China's foreign minister, who is in India for official discussions, has reportedly assured that Beijing will address key concerns raised by New Delhi, particularly the supply of rare earth magnets, key inputs for automakers, as well as tunnel boring machines.

The shortage of rare earths has been a pressing challenge for automobile manufacturers. With China controlling nearly 90 percent of global production, supply constraints have already disrupted output across the sector.

If these assurances translate into action, automakers may gain critical relief from supply bottlenecks that have strained production schedules, just as domestic demand is expected to improve on hopes of a possible GST reduction.

Reflecting this...