In an exclusive article in the Summer 2019 issue of Powder Metallurgy Review (Vol. 8 No. 2), Kadambari Gopinath, Fluidtherm Technology, reports on the current state of India’s automotive market and provides an insight into the country’s growing PM industry.
India produced a total of 31 million vehicles last year, including passenger and commercial vehicles as well as three and two-wheelers, making it the fourth largest automotive manufacturer in the world. Domestic sales and exports are increasing year-on-year, with the country offering huge potential for growth. The domestic market for sintered components is growing at a CAGR of 22%, with many businesses reporting further investment and new product lines.
The inflection point for the Indian Powder Metallurgy industry came at the turn of the century, driven by general economic growth, an opening up to foreign investments in the automobile sector through a Foreign Direct Investment (FDI) programme, and the introduction of emission standards by the government.
Since then, the fortune of the country’s PM industry has been strongly intertwined with that of its automobile sector, which today accounts for around 80% of all PM sales in the country.
The thirteen-page article is now available to read for free, in full, online in your browser or as a pdf download.