India’s automobile market is flourishing. The country is the world’s fifth-largest automobile manufacturer. According to the Automotive Mission Plan adopted by the government and the trade association SIAM (Society of Indian Automobile Manufacturers), India is expected to become one of the top three in the automotive sector within the next ten years. This means forecast growth of 300 %, representing an average annual increase of 10 % in sales. Many prominent manufacturers operate production facilities in India. The market leader, with a market share of just under 50 %, is Maruti Suzuki India, followed by Hyundai Motor India and Tata Motors. Automobile suppliers also maintain branches in the country, including Bosch, Rico Auto Industries, Wheels India, Continental, Magna, Valeo and Schaeffler India.
India’s passenger vehicle production figures for FY 2017/18 exceed 4 million. It is not only important as a manufacturing location, however, but is also growing more and more significant as a lucrative sales market. Imports of vehicle parts grew by as much as 26 % in this period. The automobile industry benefited in particular from the economic upturn and the resulting increase in demand from rural areas. Sales amounted to approximately 3.2 million units, or an increase of almost 8 %. India’s government is deliberately encouraging consumption with an expansive fiscal policy. Added to this is the potential and overall size of India’s sales market. Only about 3.2 % of the population currently owns a car, compared to almost 70 % in Germany. That makes India an increasingly important market for the die-casting industry, and it is already the third-largest producer of cast aluminium components.
The host of Alucast is the Indian trade association Alucast (Aluminium Casters´ Association of India), and the event is organized by NürnbergMesse India. During the three days of the event, international exhibitors will present their products and services, from raw materials for die casting to foundry plant, moulds and technical services.
The conference programme covers a broad range of subjects, including product presentations and other presentations relating to aluminium casting. Participants can learn about topics of current industry interest from internationally recognized specialists and take their know-how to a new level. They can also talk with other players in the die-casting market and expand their global networks. At the same time, the presentations will introduce the key advances and developments made in the die-casting market in the areas of manufacturing processes, production plant, materials and shaping of moulded parts.
Interested visitors can book a travel and business package for Alucast 2018. In addition to simplified registration, participants will also benefit from having a contact on the ground and many special offers, including a guided tour of the show, a number of evening events and also a site visit to an Indian company connected with the die-casting industry.
For further information please visit: www.euroguss.de/de/international