Spanish Multinational engineering company Gestamp Automocion is one of the leading component company. Gestamp wants to fulfill the increasing demands of 'light weight' vehicles.
The company claims that its new technology can reduce up to 30% weight of the vehicle. The technology about which company claimed is known to be 'Hot Stamping'. Hot stamping is an effective way to reduce weight along with improvising vehicle's behavior and passenger safety.
As per the latest reports, Gestamp will invest nearly Rs 260crore to establish its new hot stamping plant in Pune. Gestamp's new plant in Pune will support various dealers including Fiat Chrysler Automobile (FCA), Ford and Tata Motors.