India's Automotive Metal Forming Market Projected to Reach $95 Billion by 2030
Automotive metal forming market to reach USD 95 billion by FY30
The Economic TimesImage: The Economic Times
India's automotive metal forming market is anticipated to grow at a compound annual growth rate (CAGR) of 12%, reaching approximately $90-95 billion by FY30. This growth is fueled by a shift in global supply chains and India's emergence as a manufacturing hub, transitioning from a net importer to a net exporter of automotive components.
- 01The market is expected to grow to $90-95 billion by FY30.
- 02India's automotive metal forming industry has surpassed $80 billion in FY25.
- 03Exports reached around $23 billion in the financial year ending March 2025.
- 04The sector is transitioning from scale-driven growth to capability-led consolidation.
- 05Investors are increasingly interested in process-led businesses within the sector.
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India's automotive metal forming market is projected to achieve a compound annual growth rate (CAGR) of 12%, reaching $90-95 billion by FY30, according to a report by Avendus Capital. The industry surpassed $80 billion in size in FY25 and has transitioned from being a net importer to a net exporter, with exports amounting to approximately $23 billion in the financial year ending March 2025. This growth is attributed to a structural shift in global automotive supply chains, emphasizing process-led manufacturing segments, particularly in metal forming. Key manufacturing processes such as casting, forming, stamping, and machining are essential for both internal combustion engine (ICE) and electric vehicle platforms, driven by the need for precision and lightweight components. The report highlights India's competitive advantages, including engineering talent and a robust supplier ecosystem, positioning it as a preferred manufacturing destination amid global uncertainties. As the sector evolves, there is increasing investor interest in businesses characterized by deep process expertise and scalable manufacturing platforms, signaling a shift towards capability-led consolidation in the automotive component industry.
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The growth of the automotive metal forming market is likely to create job opportunities and enhance India's position in the global automotive supply chain, benefiting local manufacturers and suppliers.
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