인도의 파운드리 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the India foundry market size is projected to be USD 26.28 billion in 2025, USD 28.72 billion in 2026, and reach USD 46.72 billion by 2031, growing at a CAGR of 10.22% from 2026 to 2031.

This report is Segmented by Casting Type (Sand Casting, Die Casting, and More), by Material (Ferrous, Non-Ferrous), by End-User (Automotive, Aerospace, Construction, Machinery, and More), and by Geography (North India, West India, South India, East & North-East India, Central India). Market Forecasts are Provided in Terms of Value (USD).

India Foundry Market Trends and Insights

Domestic EV Output Passing 1 Million Units in FY-26 Boosts Aluminum HPDC Demand

EV power-train localization is diverting HPDC lines from engine ancillaries to battery enclosures, motor housings, and structural frames that demand tighter tolerances and higher thermal conductivity. Hindalco's USD 59 million Chakan plant shipped 10,000 battery enclosures to Mahindra Electric by December 2024 and is scaling to 160,000 units a year by FY-2027. Uno Minda is commissioning a USD 25 million HPDC facility in Maharashtra with 3,629 t annual capacity aimed at Tata's Nexon EV and Mahindra's XUV400 platforms. India's production-linked incentive for advanced-chemistry cells compels 60% domestic value-addition by 2027, further anchoring HPDC orders in Pune, Chakan, and Hosur clusters. Although flame-retardant coatings add 8-12% processing cost, they unlock premium contracts with Ola Electric and Ather Energy, lifting average selling prices on enclosure castings.

40% Duty on Chinese Iron Castings Accelerates Import Substitution

A 40% basic customs duty, effective January 2025, has slashed ordering cycles from 90-120 days to 30-45 days. Mahindra & Mahindra and Tata Motors have shifted 12,000 t of housing from China to Kirloskar Ferrous and Electrosteel. Bharat Forge's Baramati EV-component plant uses AI mold-fill tools to keep rejections below 1%, enabling same-week deliveries. Construction-equipment OEMs, buoyed by a future production incentive, are localizing hydraulic-cylinder barrels and boom castings. Unless plants reach Chinese productivity by the duty's scheduled 2028 expiry, import risk will resurface, but digital-twin roll-outs under the SAMARTH Udyog Bharat 4.0 program are closing the gap.

EU CBAM Raises Landed Cost of High-Carbon Castings

The CBAM applies a 38.8% levy on castings above 1.5 t CO2 per t from January 2026. Kolhapur's exporters, emitting 1.8-2.2 t CO2 per t, face immediate margin compression. Larger players absorb compliance costs, yet 70% of shops are MSMEs with limited capital. At least 8-12 micro-foundries have shut each quarter since mid-2025, accelerating consolidation as buyers shift to CBAM-compliant suppliers.

Other drivers and restraints analyzed in the detailed report include:

1. Vehicle Scrappage Policy Delivers Cheaper Ferrous and Non-Ferrous Scrap
2. Green-Hydrogen Subsidies Support Furnace Conversion in Select Clusters
3. Import Curbs on Petcoke and High-Sulfur Coal Inflate Melt-Fuel Costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Investment casting captured 600 t of aerospace-grade capacity in 2025 and is set for a 12.05% CAGR, outperforming every other route in the India foundry market. Sand casting, however, remained the largest at 58.82% of 2025 volume. HAL's USD 21.4 billion order book for 201 Tejas Mk 2 jets is driving turbine-blade contracts for PTC Industries, Dynamatic Technologies, and Aequs. Investment-cast superalloys such as Inconel 718 deliver 950-1,200 MPa tensile strength and can tolerate 1,050 °C gas-path temperatures, attributes that are impossible via sand molds. Although tools and waxing stages inflate part costs to USD 10 per kg, OEMs accept premiums for tight tolerance and fatigue life.

Sand casting still underpins the India foundry market size for automotive cylinder blocks, railway couplers, and pump housings. Kolhapur and Pune alone ship about 600,000 t of sand-cast iron parts annually. Die casting, led by Uno Minda's upcoming Maharashtra unit, is pivoting to EV motor housings and battery frames at cycle times of 45 seconds. Permanent-mold, evaporative-pattern, and centrifugal casting form a small share, serving pistons, crankshafts, and ductile-iron pipes. Even with investment casting's fast growth, sand casting will likely keep more than half of India's foundry market share through 2031 because large diesel engines and rail bogies will stay iron-intensive.

Complete Report Scope:

• By Casting Type
  • Sand Casting
  • Die Casting
  • Investment Casting
  • Other Types - Permanent-Mold Casting, Evaporative casting, High-Pressure Die Casting, and Centrifugal
• By Material
  • Ferrous
  • Non-Ferrous
• By End-User
  • Automotive
  • Aerospace
  • Construction
  • Machinery
  • Railways
  • Power Generation
  • Pumps & Valves
  • Electrical Components
  • Others - General Engineering, etc.
• By Geography
  • North India
  • West India
  • South India
  • East & North-East India
  • Central India

List of Companies Covered in this Report:

1. A-Cast Foundry
2. Aditya Birla Management Corp.
3. Brakes India
4. Larsen & Toubro
5. JSW Steel
6. CALMET
7. Ashok Iron Works
8. Gujarat Metal Cast Industries
9. Electrosteel Castings
10. Menon & Menon
11. Kirloskar Ferrous Industries
12. Tata Steel (Foundry Division)
13. Mahindra CIE Automotive
14. Sundaram Clayton
15. Endurance Technologies
16. Nelcast
17. DCM Engineering
18. Bharat Forge (Casting Ops)
19. Hinduja Foundries
20. Tata AutoComp Systems

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Domestic EV four-wheeler output crossing 1 million units in FY-26, triggering a surge in aluminium HPDC demand
  • 4.2.2 Mandatory Vehicle Scrappage Policy (April 2025) unlocking low-cost ferrous & non-ferrous scrap supply
  • 4.2.3 40% basic customs duty on Chinese iron castings (2025 safeguard) boosting import substitution orders
  • 4.2.4 National Green-Hydrogen Mission subsidies enabling cupola-to-hydrogen furnace conversions in select clusters
  • 4.2.5 ONDC B2B metals marketplace lowering raw-material procurement costs for SME foundries
  • 4.2.6 Global OEM Scope-3 mandates for "low-carbon castings" pushing investments in EAF/induction routes
• 4.3 Market Restraints
  • 4.3.1 EU Carbon Border Adjustment Mechanism (phase-in from Oct 2025) raising effective landed cost of Indian castings
  • 4.3.2 Import curbs on petcoke & high-sulphur coal inflating melting-fuel costs for coke-fired cupolas
  • 4.3.3 Semiconductor-fab talent pull creating acute metallurgical-engineer shortages in foundry hubs
  • 4.3.4 Rapid switch to glass-reinforced plastics in micro-mobility drivetrains eroding small-cast-part volumes
• 4.4 Value / Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Insights into Indian Manufacturing Market
• 4.9 Impact of Geopolitical Events on Supply Chains

5 Market Size & Growth Forecasts(Value, In USD Billion)

• 5.1 By Casting Type
  • 5.1.1 Sand Casting
  • 5.1.2 Die Casting
  • 5.1.3 Investment Casting
  • 5.1.4 Other Types - Permanent-Mold Casting, Evaporative casting, High-Pressure Die Casting, and Centrifugal
• 5.2 By Material
  • 5.2.1 Ferrous
  • 5.2.2 Non-Ferrous
• 5.3 By End-User
  • 5.3.1 Automotive
  • 5.3.2 Aerospace
  • 5.3.3 Construction
  • 5.3.4 Machinery
  • 5.3.5 Railways
  • 5.3.6 Power Generation
  • 5.3.7 Pumps & Valves
  • 5.3.8 Electrical Components
  • 5.3.9 Others - General Engineering, etc.
• 5.4 By Geography
  • 5.4.1 North India
  • 5.4.2 West India
  • 5.4.3 South India
  • 5.4.4 East & North-East India
  • 5.4.5 Central India

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Initiatives
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 A-Cast Foundry
  • 6.4.2 Aditya Birla Management Corp.
  • 6.4.3 Brakes India
  • 6.4.4 Larsen & Toubro
  • 6.4.5 JSW Steel
  • 6.4.6 CALMET
  • 6.4.7 Ashok Iron Works
  • 6.4.8 Gujarat Metal Cast Industries
  • 6.4.9 Electrosteel Castings
  • 6.4.10 Menon & Menon
  • 6.4.11 Kirloskar Ferrous Industries
  • 6.4.12 Tata Steel (Foundry Division)
  • 6.4.13 Mahindra CIE Automotive
  • 6.4.14 Sundaram Clayton
  • 6.4.15 Endurance Technologies
  • 6.4.16 Nelcast
  • 6.4.17 DCM Engineering
  • 6.4.18 Bharat Forge (Casting Ops)
  • 6.4.19 Hinduja Foundries
  • 6.4.20 Tata AutoComp Systems

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-Need Assessment