Excerpts from Sona Comstar’s Investor Presentation & Q2 FY24 Concall regarding Magnet-less EV motors:
New developments in Magnet-less EV motors could pose a risk to PML’s neodymium business catering to automobiles, but these developments are nascent. The market for these motors seems very small at the moment and Sona Comstar might have exclusive rights to this technology if it’s commercialized in the future.
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