India’s Automotive Metal Forming Market Surging Towards USD 95 Billion Milestone by FY30

India's automotive metal forming market is projected to grow at a 12% CAGR, reaching USD 90–95 billion by FY30, driven by cost competitiveness, engineering talent, and a strong supplier ecosystem. The shift in global supply chains toward process-led manufacturing has favored India's positioning as a net exporter and preferred manufacturing destination.

The Indian automotive metal forming market is on a robust growth trajectory, projected to expand at a compound annual growth rate of 12% to reach a staggering USD 90–95 billion by FY30. This growth is fueled by competitive costs, superior engineering talent, and a well-rounded supplier ecosystem, positioning India as a pivotal player.

The market has transitioned from being a net importer to a net exporter, boasting exports of approximately USD 23 billion in FY25. This change reflects not only scale but also advancements in manufacturing complexity, quality standards, and global integration, as highlighted by an Avendus Capital report.

India's rise as a preferred manufacturing hub is bolstered by structural shifts within the global automotive supply chain. The country's capacity for precision, light-weighting, and capability-led processes cements its advantage in capturing significant market share, especially as geopolitical factors and cost pressures steer original equipment manufacturers toward diversifying sourcing bases.

(With inputs from agencies.)