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Analysis and Outlook of the Indian Die Casting Market in 2024


According to data released by the Automotive Industry Association of India, new car sales in the country reached 5,079,985 units in 2023, surpassing Japan for two consecutive years, ranking third globally after China and the United States. This milestone achievement provides a solid and broad market foundation for India's die-casting industry. With the rapid expansion of the Indian automotive market, die-casting companies have emerged like mushrooms after rain, continuously expanding their production scale. Today, India has become the world's second-largest producer of castings and has gained the favor of many globally renowned automotive brands such as BMW, Volkswagen, Mercedes-Benz, Ford, and Toyota, successfully entering their supply chain systems. Domestic die-casting companies have keenly captured this opportunity, gaining deep insights into the demand of the Indian die-casting market through participation in professional exhibitions, establishing offices, developing agents, and even building production bases, actively laying out and seizing market share.

While the Indian die-casting industry is rapidly developing, it also faces some challenges. Analysts from New Thinking India point out that the mold development process is relatively weak and relies on foreign imports; at the same time, limited by the level of technological development and the accumulation of advanced processes, Indian die-casting products are mainly concentrated in the mid-to-low-end fields with relatively low technical content and added value, and the supply capacity of high-end products urgently needs to be improved. Integrated die-casting technology provides a new development opportunity for the Indian die-casting industry. This technology uses large die-casting machines to form complete large components in one go, which not only reduces weight but also significantly improves production efficiency and lowers production costs. Since Tesla first proposed the concept of integrated die-casting in September 2020, several new power companies have gradually adopted this technology, and its application in new energy vehicles has become an industry consensus and clear trend. It is expected that in the future, integrated die-casting will become an important development direction for the Indian die-casting industry. In addition, the development of the Indian die-casting market also benefits from its rich labor resources and low labor costs. This enables Indian die-casting companies to maintain lower production costs while ensuring product quality, thus possessing stronger competitiveness in the global market.As a leader in integrated services around die-casting machines, Anhui Boma Intelligent has maintained close cooperation with Germany's Boma and is its only partner in China and the Asian region. With excellent technical strength and rich industry experience, Anhui Boma not only provides customers with high-quality spraying equipment and automated system integration services around die-casting islands but also strives to promote innovation and development in the die-casting industry. As the company's business continues to expand and grow, Anhui Boma Intelligent has established a solid business network in multiple countries and regions. From Hungary to Serbia and then to Mexico, the company's global layout is becoming increasingly complete, providing global customers with more convenient and efficient services. Looking ahead, Anhui Boma Intelligent Equipment Co., Ltd. will continue to deepen its efforts in the die-casting industry, driven by technological innovation and guided by customer needs, contributing more to the development of the global die-casting industry.

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Analysis and Outlook of the Indian Die Casting Market in 2024

According to data released by the Automotive Component Manufacturers Association of India, the country's new car sales reached 5,079,985 units in 2023, surpassing Japan for two consecutive years, and ranking third globally after China and the United States. This milestone achievement provides a solid and vast market foundation for India's die-casting industry.

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