Aluminium usage in auto industry gaining traction: Icra Research

Aluminium is gradually finding greater usage in the automobile industry fuelled by demand growth. At the end of June 2018, aluminium usage per unit of passenger and commercial vehicles stood at 29.21 kg, exceeding 29.04 kg at the end of FY18.

A report by Icra Research shows the share of the automobile industry in domestic aluminium consumption has steadily grown from 16 per cent in 2008-09 to 25 per cent in 2017-18. Icra believes that vehicular weight reduction is a focus of the Indian automobile manufacturers to improve fuel efficiency. This, in turn, would entail a higher per unit usage