India’s first rare earth magnet plant to come up in Greater Noida
Automotive Industries
May 14,2026
India’s first rare earth magnet manufacturing plant is set to be established in Greater Noida, marking a major step towards building domestic capabilities in critical mineral processing.
Rare earth magnets are essential components used in electric vehicles, electronics, renewable energy systems, and defence applications.
The project is expected to reduce India’s dependence on imports for strategically important materials and components.
Development of domestic rare earth processing infrastructure is increasingly being prioritised amid rising global demand and supply chain concerns.
The plant is also likely to support growth in India’s EV and advanced manufacturing sectors.
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Greater Noida