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Good Prospects - Forging Unit For Automobile Spare Parts - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

The forging industry, as it is known today, makes use of various types of forging equipment for the practical duplication of forged parts for commercial services. Such forging equipment includes the drop hammer, the mechanical and hydraulic forging press, and the single and double frame general forging hammers. Steel forging is a process to shape various steel products without any air cavity according to users requirement. The most used are in axels, steering gears and components for automobiles industrial machinery, agriculture implement, machine tools, defence etc. Normally two types of forgings are used. These are closed die forging and open die forging. Open forging are used in manufacturing of shaft for electric motors turbines, agricultural implements, industrial machinery etc, while closed die is used mainly for railways and automobile industry. All the types of vehicles need forged products, however, in terms of per unit requirement, two wheeler require very small quantity compared to four wheelers. Steel is the only raw material required for steel forging. The era of modern growth in India has its first foot prints on automobile industry. New models of cars, scooter, buses, etc, not only providing increased oxygen to auto ancillary industry but to many industries like steel forging, casting, automobile paints etc. However, the trend in steel forging is encouraging in the automobile industry in last ten years. India enjoys advantages in exports of forging because of cheaper technical and skilled manpower as compared to that available in developed countries because of strict environmental laws. USA, Russia, Other countries of Eastern Europe are the major importers of steel forging of specialized applications. There is a considerable potential for upgradation of skills, equipment and technology in the Indian forgings sector. The future of steel forging is associated with the development of the automobile industry. Since the automobile industry is getting metamorphosed with the entry of the multinationals, the steel forging industry can look forward to impressive growth with high value addition. Automotive Industry comprises of automobile and auto component sectors and is one of the key drivers of the national economy as it provides large-scale employment, having a strong multiplier effect. Being one of the largest industries in India, this industry has been witnessing impressive growth during the last two decades. The boom in automobile industry has helped steel forging industry growing vertically and horizontally. However the growth in steel forging has been less than the growth in automobile industry. As it has been indicated the four-wheel automobile industry has grown at the rate of 12.80 percent per annum the consumption of steel forging in automobile industry has increased at a lower rate. The reasons are many folded. Thus there is a vast scope for new units to come up. However, they have to take into consideration the requirements of automobile particularly four-wheel manufacturers and gear up their capacities accordingly. Auto majors in the country are enjoying the best growth phase ever. With sales up for 13 months in a row, the coming months is also expected to be closed on a high note. India is estimated to post a robust economic growth of 8.3 per cent in 2010, according to a recently released report titled 'Economic and Social Survey of Asia and the Pacific 2010' by the United Nations. The country's automobile sector, primarily passenger vehicles segment have registered a growth of 33.93 per cent in sales in April 2010. Indian companies are very optimistic. The Auto Components Manufacturers Association (ACMA) along with McKinsey has pegged domestic demand for components at $20-25 billion in 2015 from $1.4 billion in 2004-05. This would take the overall industry size to $40-45 billion by 2015 in India. The Indian automotive industry has made rapid strides since delicensing witnessing the entry of several new manufacturers with state-of-the-art technology. There is good potential to venture into this field.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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