Rapid EV Adoption, Higher Input Costs To Adversely Impact Forging, Casting Industry: AIFI

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 […]