RESEARCH ON FORGING INDUSTRIES FOR

NON AUTOMOBILE COMPONENTS

Presented By:
Nandeesh kumar L
EXECUTIVE SUMMARY
• The project aimed to assess the world and Indian market scenario of forging
industries for automobile and non automobile components.

• The study was descriptive in nature and it tries to understand TVS

Sundram Fasteners potential to diversify its business into Non automobile
industries like Aerospace sector, Earthmoving and Construction and
Equipment sector and Heavy engineering sector.

• The Non Automobile industry will have a steady growth in the future and
these markets require products manufactured with high end technology.
INDUSTRY PROFILE

 The composition of the Indian forging industry can be categorized into four
sectors - large, medium, small and tiny.

 The Indian forging industry has evolved as a major contributor to the

manufacturing sector of the Indian economy. The key demand driver is the
automobile industry.

 The other industries that use forgings include Railways, Defence, Oil
Exploration, Cement, Steel Industry and other engineering Industries.

 65per cent of the total forging production is used in Automobile sector.

COMPANY PROFILE
 
 Sundram Fasteners Limited is a part of the US $3 billion TVS Group,
headquartered in Chennai, India.

 Sundram Fasteners has become a supplier of choice to leading customers in

the automotive and industrial segments worldwide.

 The company’s manufacturing facilities across the globe are all certified to
ISO 14001 and adhere to the most stringent environment management
standards.

 The product range consists of high-tensile fasteners, powder metal

components, cold extruded parts, hot forged components.
SCOPE OF STUDY

To study world and Indian market scenario of forging industries.

To find out the technologies of other forging industries.

To analyse the trend of non automobile industry.

To find components for non automobile industry.

To Identify end use of the other forging components.

To find out the potential customers for the company.

 
RESEARCH METHODOLOGY

 The data needed to this project report is collected by secondary data only. This
secondary data is fully equivalent to primary data.
 The analysis of study was achieved by using simple statistical tools like trend analysis
and displayed by line graphs.

Considerations for the research defined by TVS Sundaram Fasteners Limited

 The products should of hot forging or cold forging.
 The components should not weight more than 4 kilograms.
 The product dimension should be less than 60 mm.
 The components should be manufactured from less than 1000 pressure ton machines.
ANALYSIS AND INTERPRETATIONS
Trend Graph for Global Aerospace industry

Sales in
($bn)
 Trend Graph for Global MRO Industry

Sales in
($bn)
 
Trend graph for Indian MRO Industry

Sales in
($bn)
 
Trend graph for Earth moving sector

Sales in
($bn)
Trend graph for Heavy Engineering sector

Sales in
($bn)
 RESEARCH FINDINGS
Aerospace industry
 The US represents the biggest aerospace market.
 Growth in the last 4 years has been 41.3%.
 Types of aircrafts -Civil aircraft and Military aircraft
 It is estimated that by the year 2027, the world’s airlines will take delivery of 29,400 civil
airplanes with a total value of US$ 3.2 Trillion to keep pace with the growing demand for air
travel.
 The Chinese aerospace sector ranks among the world’s most dynamic sector due to the
massive investment injected by the country.
 In future, developing economies such as China, India, Mexico and Brazil are expected to
emerge as huge marketplace for aerospace products.

Potential
Customers
•The Boeing Company
• Airbus
• United Technologies
Corporation
• Lockheed Martin Corporation,
• Raytheon Company
• BAE Systems
 Aerospace parts
Impelle Waveguides
rs
Rectangular Straight Waveguide

Waveguide Transition
•Current market is of US$2.3 billion .
•The industry's revenue and volume have recorded 40%
growth year-on-year between 2004 and 2006.
• Indian earthmoving industry to grow 5-fold by 2015 .
•The Indian Earth moving industry has the potential to
grow fivefold from its current size of US$2.3 billion to
approximately US$12–13 billion by 2015, growing at 24%
CAGR.
•“as usual” growth will create a market of $8 billion by
Major
2015.
players
 Earth Moving Sector
parts
Flang Pinions
e Potential
cusomers

Gears
Shafts

Connecting Differential
Rod Cross

Source: www.siflindia.com
•The engineering sector is categorized into heavy engineering and light engineering
segments.
• Heavy engineering segment forms the majority of the engineering sector in India.
•The exports of engineering products is expected to grow at a much higher rate in the
next five years as compared to the current figure of $13.29 billion.
•Engineering exports are estimated to touch $27.4 billion by 2009-2010 from the
current level.

Major players
 Heavy Engineering
Sector parts Potential
Valve Gears
Body customers

Pinions

Source: www.siflindia.com
RECOMMENDATION

 The company should enter into non automobile sectors like

1. Aerospace industry
2. Heavy Engineering industry
3. Earthmoving and Construction Equipment Industry
 The company’s domestic sales and export business would grow if start
producing aerospace components.
 Entering Heavy Engineering industry and Earthmoving and Construction
Equipment Industry would increase the company’s revenue.
 The company should install machines which are advance in technology to be
competitive in non automobile Industry.
 The company should invest more in research and development activities.
LIMITATION OF THE STUDY

 Throughout the study most care has been taken to avoid errors so as to
ensure authenticity and accuracy. But there is a possibility for some
discrepancies to come in between due to following limitation:
 The research is based only on secondary data.
 The study required extensive research, due to this factor time was a major
limitation.
 It is difficult to find the method of technology used to manufacture the
components until the size and the diameter of the component is known.
 It is difficult to find composition of raw materials in the components.
CONCLUSION

 Sundram fasteners limited have a strong brand name of ethical values and
consistent high quality product image. With over 40 years of experience in
managing large scale process industries with sustained high level of
performance, SFL meets the needs of the automobile industry. Fostering
enduring relationships is at the core of SFL’s business philosophy – with
vendors, business partners, and customers and within the organization
between employees.
 It is quite evident from this research carried out that the demand for non
automobile components increases day by day especially in aerospace, heavy
engineering and earthmoving sectors. Diversifying the business into these
markets and manufacturing the components with improved technology
would help the company to grow faster in this competitive environment.
THANK YOU