Jain tools and dies, an ISO certified company that belongs to a 40-year-old group of companies, has ventured into the design, development and manufacture of advance die casting dies and moulds to meet the demand of the recent surge in the electric vehicle market which is expected to become a Rs 50,000-crore opportunity in India by 2025. Besides the established four-wheeler automotive manufacturers entering the fray, there has been a massive push towards the electrification of two and three-wheeler vehicles in India. A 9 to16 percent penetration by 2024-25 is expected in the two-wheeler segment, and the segment could grow to Rs 12,000 crore by 2024-25.
Even though unorganised, E-rickshaw has also emerged as a large market in India in a short timeframe and the company is already an established supplier of dies and moulds for the electric rickshaw market in India. Jain tools and dies aims to build on the experience and is gearing up to introduce machinery and tools to meet the surge.
"With the mandatory implementation of Bharat Stage VI (BS-VI) fuel norms and a push towards the electric vehicles, the automotive industry is in dire need of new engine components, gear and battery boxes, battery boxes and at Jain tools we are ready to adapt to the change and provide quality tooling solutions." said an executive at Jain Tools and Dies.
"Bharat Stage VI (BS-VI) fuel norms will necessitate a change in various parts of vehicles due to change in vehicle composition, and at Jain tools, we have taken a robust approach to research and implement the tooling changes required to meet the new demands of our clients," he further added.
As the world moves towards a mobility regime where electric vehicles become mainstream, the dies and moulds industry will see a further boost and players like Jain Tools and Dies and will see a transition towards new tooling solutions.
Established in 2007, Jain Tools and Dies is a part of a 40-year-old group of companies and counts Maruti Suzuki, Honda Cars, Honda Motorcycles, Hero Moto Corp, FCC India, Denso etc. amongst its hundreds of clients. Jain tools and Dies specialise in Design, Development and Manufacturing of high Pressure Casting Dies, Zinc Casting Dies, Trimming Tools, Plastic injection moulds, Blow Moulds, Rotational Moulds, Tungsten Carbide Dies For Wire & Fastener Industries, Fixtures and Loose inserts of dies for Automobile, and parts for various other engineering industries. The company takes all measures to reduce their carbon imprint and takes pride in providing value-added Tooling Solutions in an environmentally sustainable manner.
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