STRIVING TOWARDS NEW MANUFACTURING MILESTONES

Dear Readers,

The Indian Machine Tool industry is at a pivotal point, with production and consumer demand showing healthy growth in FY 2024-25. While the Auto sector remains a key focus, the industry is steadily expanding into a broader spectrum of markets. It is making inroads into Defence, Railways, Electronics, and other sectors. This diversification indicates a future where the Machine Tool industry can better withstand global uncertainties and emerge as a key driver of advanced manufacturing across various domains.

Meanwhile, the rising influx of competitively priced, high-technology machines into India continues to present growing challenges. Shorter delivery schedules and large-volume orders are demanding greater capacity, and our Machine Tool industry must quickly adapt to these requirements. It needs to develop sector-specific machines, high-capacity production, customized applications, and integrated solutions that precisely meet the needs of end users.

Encouragingly, policy measures such as the Scheme for Enhancement of Competitiveness in the Capital Goods Sector (Phase II) are supporting the indigenization of machine tools and subsystems while also promoting long-term self-reliance.

The short-term demand outlook remains positive with sectors such as Electronics, Renewable Energy, Consumer Goods, Aerospace, and the Automotive industry expected to drive growth. For FY 2025-26, production and consumption of machine tools are projected to increase by around 10 percent.

The future strength of the Indian Machine Tool industry will depend on innovation, customization, and solution-focused value creation. With resilience and foresight, the industry can not only weather external headwinds but also anchor India’s manufacturing ambitions in the years ahead.

As always, MMI remains dedicated to documenting these shifts — delivering insights, viewpoints, and stories that illustrate the industry’s evolving journey.

I wish the readers an engaging and insightful read of this issue of MMI.

Rajendra S Rajamane
President 
IMTMA

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