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Ola Electric held its much-anticipated Sankalp 2025 event on Independence Day at its gigafactory in Krishnagiri, Tamil Nadu, and announced a new ferrite motor that eliminates the need for rare-earth magnets, with plans for phased deployment starting in Q3 FY26.
Rare earths are a group of 17 minerals pivotal to manufacturing automobiles, consumer electronics, and defence equipment.
Why this matters
This step is aimed at enhancing sustainability and independence from global supply constraints. Electric vehicle (EV) makers are scrambling as China is…
