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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

Vedanta to invest $15 bn in semiconductor, display unit ventures

The Vedanta Group, led by Anil Agarwal, is preparing for two individual ventures which may witness investments of around $15 billion in chip and display manufacturing space across the country.

Semiconductor shortage to hamper ce industry

Global semiconductor shortages may curtail new equipment production,resulting in higher used equipment prices.

Criticality of component supplies!

During one of my discussions with a friend who is CEO of one of the engineering and equipment firms in India, I vividly recall the distress expressed over the shortage of good quality component supplies, and its cascading effect on the entire supply chain and customer deliverables.

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