Automotive Industry Growth: Implications for Metal Forming

The automotive industry in India is undergoing a remarkable transformation, driven by increasing consumer demand, technological advancements, and a shift towards electric vehicles (EVs). This growth has significant implications for the metal forming industry, which is essential for producing the components that power this sector.

The automotive sector in India has seen a robust growth trajectory. According to the Society of Indian Automobile Manufacturers (SIAM), The Indian automotive industry has crossed ₹20 lakh crore mark in FY24 and now contributes 14-15 per cent of the total GST collected in the country, indicating that the automotive industry is poised to be one of the key growth engines in the government’s vision of achieving a $32-trillion GDP by 2047. The Indian automotive market is projected to reach $300 billion by 2026, with electric vehicles expected to contribute significantly to this growth, making it one of the fastest-growing automotive markets globally. The government's push for EV adoption, including incentives and infrastructure development, is further driving this trend. Automotive Metal Forming is a manufacturing process used to shape and fabricate metal components for automotive parts and structures. This process involves techniques such as stamping, forging, casting, and extrusion to manipulate metal sheets, rods, or billets into desired shapes and dimensions.

Impact on Metal Forming

As the automotive industry expands, the demand for precision-engineered components increases, placing greater emphasis on metal forming processes. Manufacturers are now focusing on lightweight materials and advanced forming techniques to enhance fuel efficiency and reduce emissions. For instance, the use of aluminum and high-strength steel in vehicle construction is becoming more prevalent, requiring specialized metal forming capabilities.

The growth of the automotive industry directly impacts the metal forming sector, which is crucial for manufacturing various automotive components. Advanced forming technologies, such as hydroforming and laser forming, are becoming more prevalent. These technologies allow for the creation of complex and lightweight components that improve vehicle efficiency and performance

The growth of the automotive sector in India presents a wealth of opportunities for the metal forming industry. As manufacturers adapt to new technologies and materials, the synergy between automotive and metal forming will continue to evolve. The Metal Forming Expo in Pune is the leading platform to showcase the latest technologies and innovations that can help manufacturers meet the evolving demands of the automotive market, providing a platform for industry stakeholders to explore new technologies and collaborations. Join us in Pune from 11-13 April 2025, at PIECC, Moshi to fulfill the growing demands of the automotive industry.