“We are entering the aluminium forging business to start making triple clamps and active clamps inhouse for our inverted front forks. The potential is to reach Rs 125 crore within three years after start of supplies,” Anurag Jain, managing director, Endurance Technologies, said in an earnings call this month. Vehicles running on the electric power-train also stand to benefit from this move.
“This is a very new trend, as in everyone wants to lighten their vehicles optimally so emissions are under control,” said Shashank Kanodia, analyst, ICICI Securities.
Bharat Forge, one of India’s biggest precision parts makers, is focused on boosting light-weight output. “Stricter emission norms are likely to hasten the shift toward light-weighting technology,” the Pune-based company said in its annual report. “We are working on structural components across auto and industrial segments, with focus on aluminium. The Nellore facility for light weighting will commission in the second half of 2019, and has orders from domestic and export automotive customers.” It is investing Rs 200 crore for the facility at Nellore, and has also entered into a joint venture with Germany’s Refu Electronic to make electric components.
“You had seen transition from steel forging to aluminium diecasting, and now it’s changing from aluminium die-casting to aluminium forging. Aluminium forging is, of course, very new to India and it hasn’t seen many material players so far, but the transition is happening now - even for premium vehicles,” said Jinesh Gandhi, head of research, Motilal Oswal.
Home-grown parts maker
Meanwhile, Setco, a company making clutches for medium and heavy commercial vehicles, has decided to supply clutches to tractors instead of cars. Mahindra Cie has acquired Aurangabad Electricals to enter aluminium die casting.
Bosch is bringing in global solutions for EVs. Besides batteries, it will likely focus on converters, inverters, chargers and mobility components. “We believe the sequence of electrification will be three-wheelers, twowheelers, followed by intra-city busses/fleet vehicles. We are at an advanced stage and working with defined customers on three-wheeler and two-wheeler electrification," said Soumitra Bhattacharya, MD,
Other parts makers to be affected by the introduction of EVs are car-battery manufacturers. Motilal Oswal’s Gandhi said that Amara Raja is working on making lithium batteries for EVs. ”The transition to the new norms and EVs will be smooth, but market-level issues might be there instead of demand-level issues,” said Gandhi.
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7 Comments on this Story
Sanujit Roy558 days ago
what will happen to the petrol and diesel variants
raghu reddy558 days ago
Jbm auto also again EV
Amit 559 days ago
3D printing, Artificial intelligence, 5G High – speed internet is taking over in China’s factories, being applied in host of other Sectors to Invent new Kind of Materials, Components, to Improve productivity, to bring speed and efficiency. India cannot afford to remain silent and complacent. There is Future of Jobs and income Connected of Millions and Millions of Indians. Many want to see India remains as Innovative Destination, it has Dynamic risk-taking Businessmen’s. Whole new opportunities shall come up once new Emerging sectors are provided Boost & Incentive, if young and talented are brought forward. India may not Probably see any slowdown then