The business of products such as fasteners, nuts, bolts, screws, springs, and their manufacturing machinery and materials has a stable and ever-growing scope in electric vehicles and the overall automotive manufacturing industry. Every vehicle, be it electric or traditional, has thousands of small components added that require high-quality fasteners.
The auto component industry in India is growing rapidly, and to promote localisation, the government is supporting indigenous production through schemes like “Make in India” and PLI. There is scope for long-term growth for businesses focusing on automation-friendly machinery, precision manufacturing, and raw material innovation (like stainless steel, titanium alloys, and composite materials) in this segment.
OEMs, tier-1 suppliers, and EV startups are all in demand for reliable fastener manufacturers. Therefore, if one can develop quality, cost-efficiency, and bulk supply capacity, it can become a profitable and evergreen manufacturing business.
Note: Buy and download the database related to fasteners, bolts, screws, springs, etc.; products, nuts, machinery & materials with contact details.
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