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Forging and components industry to experience 60% decline due to electric vehicles: AIFI

The Association of Indian Forging Industry (AIFI) has witnessed a challenging time in the first half of 2022 as a result of increased input costs, particularly steel, aluminum, and nickel prices.

Components industry to witness 60% decline due to EVs: AIFI President

AIFI has expressed concerns to the government over high steel, aluminum, and nickel prices, as the increase in steel prices has damaged the Indian forging industry

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

• The increase in steel, aluminium, and nickel prices have hammered the industry in India

AIFI announces Forgetech India 2016

To commemorate their 50-year long journey, Association of Indian Forging Industry (AIFI), the apex body of the Indian forging industry, announced the biennial conference-cum-exhibition, Forgetech India 2016, to be held at Hyatt Regency, Gurgaon on December 3 and 4, 2016.

AIFI announces Forgetech India 2016

To commemorate their 50-year long journey, Association of Indian Forging Industry (AIFI), the apex body of the Indian forging industry, announced the biennial conference-cum-exhibition, Forgetech India 2016, to be held at Hyatt Regency, Gurgaon on December 3 and 4, 2016.

Forging Ahead

The Indian forging industry is poised to grow and see major investments for capacity expansion in the coming years. The Prime Minister?s ?Make in India? vision will be added fillip to the industry?s plans to diversify its focus into non-automotive and industrial segments apart from automotive sector.

Fuel price rise shrinks margins

India has been witnessing a high rate of inflation and continued increase in interest rates for a long time now. One of the most recent impacts was on the auto industry which has increased prices across the board.

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