India’s EV sales grow 45% in single month, supplementing aluminium demand - Who’s capitalising on the market?
Since the end of 2024, market analysts in India consistently signalled strong growth prospects in the electric vehicle (EV) sector, urging the manufacturing industry to gear up for a major transformation. A central narrative in this shift was the soaring demand for aluminium, a vital material used extensively in engine parts, chassis, body panels, and wheels.
Even ex-Vedanta CEO John Slaven had highlighted last year that the growing impact of electric vehicles, particularly four-wheelers, on the aluminium industry. He had explicitly said, “I think (electric) four-wheelers is where we expect to see the largest growth. There’s more (aluminium) content per vehicle than in a two-wheeler. And then also, as the four-wheelers become electrified, there’s more aluminium per EV than there is per IC (internal combustion) engine.”
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