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$28.7B
Market Size 2026
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10.2%
CAGR to 2031
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12M
Tonnes Annually
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$169B
Vision 2047
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India makes 12 million tonnes of castings every
year.
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This makes India's casting industry the second largest in
the world. 11% of global output. The market hit $28.7
billion in 2026.
Expected to reach $46.7 billion by 2031.
And $169 billion by 2047.
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5 Big Shifts happening right now
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EV production crossed 1 million units in FY26: Aluminium die-casting demand is exploding
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EU carbon levy of 38.8% is hitting Indian foundries hard: Small units are shutting down
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Aluminium castings growing at 11.2%: faster than any other segment
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AI and IoT are entering the shop floor: mold simulation, defect detection,
predictive maintenance
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Sustainability is now a buyer requirement: not a brochure line
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What's coming in FY27:
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Global OEMs enforcing carbon compliance as a purchase filter |
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60% domestic value-addition rule for EV components by 2027 |
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40% duty on Chinese castings boosts Indian orders |
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South India growing fastest at 10.7%, Tamil Nadu and Karnataka are leading |
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Companies making big moves:
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Hindalco: Shipping EV battery enclosures to Mahindra. Scaling to 160,000 units/
year
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Nelcast Chennai: Fully renewable-powered. Already CBAM-compliant. Supplying
Vestas & Siemens Gamesa
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BHARAT FORGE (PUNE): Defense order book at ₹11,130 crore. Signed India's
largest-ever small arms contract-250,000+ CQB carbines for the armed forces.
The defense segment is expected to grow 30-40% in FY27. A forging giant is
becoming India's private-sector defense backbone.
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Our Take:
The green foundries will win. The rest will race to the bottom. At Appac Media,
we help you stay ahead with media and digital solutions built for the sector.
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