How Non-Ferrous Metal Companies Could Shape Indian Markets in 2025 Part 2

Electric Vehicle (EV) Growth India’s EV market expected to grow at a 49% CAGR (2022–2030). Copper demand per EV is 2.5–3x higher than in internal combustion engine (ICE) vehicles. Aluminum used in EV chassis, body parts, and battery casings. Source: NITI Aayog & Rocky Mountain Institute (RMI) EV Report Infrastructure Expansion GoI's planned ₹10 trillion capex in FY25 targets roads, ports, and urban infrastructure. Increased use of zinc (for galvanizing), aluminum (structures), and copper (electrical wiring). Source: Union Budget 2024–25, Press Information Bureau (PIB) China & Export Opportunities India may benefit from supply chain diversification away from China. Global buyers are turning to Indian producers for refined copper, aluminum, and zinc. Source: CRISIL, BloombergQuint, Business Standard