26 Sep 2025 | 5 Mins Read
Ather Energy's share faces delay due to rare earth magnet shortage
Flipitmoney
Ather Energy seeks temporary waiver from India's Ministry of Heavy Industries due to supply chain disruptions triggered by China's export curbs on heavy rare earth magnets, affecting 52,500 vehicles. The company developed an alternative Heavy Rare Earth Free motor, secured approval, and issued 12.7 lakh fresh employee stock options. Shares closed at Rs 556.