Indian Forging industry has now emerged as a major contributor to the manufacturing sector of the Indian economy riding on demand of auto sector. The industry is fragment with over 400 units spread across India in large, medium and small units out of which only 9 are large units. Here, the organized sector accounts for 65% of the output, while the unorganized sector caters to replacement and job market.
Indian forging industry market is estimated at Rs 20,000 crore with a an overall capacity utilisation of around 57 per cent. With automobile sector accounting for 70 per cent, the sluggishness in auto sector has resulted in 10% decline in forging industry last year. There is hope with the revival of the mining sector in Orissa, Goa, Karnataka, and Andhra Pradesh would immensely benefit the forging industry. The sector is trying to get out on dependence of auto sector by diversifying into power generation equipment and nuclear sector.
List of All Forging Companies in India
M M Forgings Ltd
Madanlal Forge Pvt Ltd
Mahadev Forge Pvt Ltd
Maharashtra Forge Pvt Ltd
Mallikarjun Forging Pvt Ltd
Manjira Machine Builders Pvt Ltd
Maso Automotives Pvt Ltd
Metal Finishers
Microtek Forgings
