Indian EV industry
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Economic Times (India) · India · Niron Magnetics broke ground on a Minnesota iron nitride magnet plant and Ola Electric certified ferrite motors as rare earth substitution reached commercial inflection
Reports Ola Electric's certification of a ferrite permanent magnet motor for its S1 scooter platform in October 2025, replacing a prior NdFeB motor design. Ola Electric's Chief Technology Officer stated the ferrite motor achieves equivalent performance within the torque-speed envelope of the S1 platform and reduces material cost by eliminating NdPr dependency. The certification followed 18 months of motor development and field trials.
“Ola Electric certified a ferrite permanent magnet motor for its S1 scooter in October 2025, eliminating NdPr dependency with equivalent torque-speed performance after 18 months of development.”