With the huge number of international auto companies setting up their bases in India, the aluminium and diecasting industry is getting good opportunity for growth.
According to National Aluminium Company Chairman and Managing Director, Mr. C R Pradhan, “The aluminium industry is today ideally poised and must seize this opportunity with both hands and strive to chart a road map for the future.”
However, Mr Pradhan cautioned that the industry must remain aware of the substantial impacts it may have on the environment. Primary aluminium making and die-casting are both energy intensive industries and pollution is a major area of concern in these industries.
He also called for diverting a part of the resources for promotion of cleaner and greener power. The Chief Technology Officer of Mahindra and Mahindra, Mr. Arun Jaura said that each kg of aluminium could replace two kgs of steel in automobiles.
He said that 6 to 8% of fuel could be saved through every 10% of weight. The price sensitive Indian car market may not accept aluminium till there was a visible value proposition for the customers.
Owing to the increase in car companies, there is an immense scope for the aluminium sector in India.