India’s largest aluminium company wants to start supplying the local car industry where metal supplies so far are dominated by steel makers.
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According to the Economic Times of India, Hindalco Industries will soon make high-grade aluminium vehicle body-in-white products as part of an integration process following its recent acquisition of Novelis.
The paper said the $US6bn acquisition of Novelis, completed in May, has made Hindalco one of the top five aluminium companies in the world while Novelis has already achieved 3% penetration in supplying the car market in Europe.
Hindalco officials told the paper the same could be attempted in India especially at a time when global car companies are planning to launch small cars in the country. Aluminium usage in the body-in-white segment in the Indian car industry is practically nil although the metal is used in radiators and other parts.
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