MUMBAI, Aug 10: Increased adoption of electric vehicles will adversely impact the domestic forging and casting industry resulting in reduced capacity utilisation as the number of moving parts in such vehicles are minimal compared to traditional ones, according to AIFI. The Association of Indian Forging Industry (AIFI) on Wednesday said the industry, which is also grappling with rising input prices, might even face the prospect of 60 per cent of the sectoral players shutting down unless the government focuses on […]
The company is one of the two members from Madhya Pradesh affiliated to the apex body of forging industries in India called the Association of Indian Forging Industry (AIFI).
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