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Automotive stamping is a type of metal stamping, a method of processing sheet metals and converting them into different shapes and sizes according to specific needs and applications in automobiles. Metal stamping includes five major processes such as flanging, coining, bending, embossing, and blanking among others. Automotive stamping is used to manufacture a wide range of products (from sheet metal) such as fuel delivery systems, brake shoes, exhaust systems, valves, fenders, roofs, plate holders, and brackets. A variety of processes are used in automotive stamping such as tandem stamping, transfer stamping, hot stamping, cold stamping, and progressive die stamping.
Since the
automotive industry in India is growing at a rapid pace, both automotive
production and sales have increased significantly in the recent past. The increasing
demand for passenger vehicles and an increase in production and sales of
vehicles is a major driving factor for the market. Around 4.4 million passenger
cars and commercial vehicles were sold in India in 2018. Moreover, according to
the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales
in India increased by 26.45% to 272,027 units in September 2020, in comparison
to 215,124 units in September 2019. Furthermore, the rising trend of engine
downsizing for lighter and better fuel-efficient vehicles is expected to
augment the India
automotive stamping market.
The rapid
growth of the automotive sector and the rising investments in automotive metal
stamping are also positively impacting the growth of the market. India has
always been a major player in the manufacturing, design, and production of
automobile parts. With the rapid growth in the number of car manufacturing
companies in India, the demand for metal stamping companies in India also shot
up. As a result, several manufacturers from all around the world are looking
forward to investing in India. For instance, in February 2017, Gestamp (a
Spanish company) opened a new hot stamping plant in India to provide stamped
components to auto giants such as Tata, Ford, and FCA (Fiat Chrysler
Automobile).
Major players
involved in the market are focused on mergers and acquisitions to enhance their
market presence. For instance, in 2019, Jay Bharat Maruti (JBM) Group acquired a
60% interest in Germany based Linde-Wiemann GmbH KG to enhance its market
presence. Linde-Wiemann specializes in niche areas of auto systems, including
using alternative materials such as aluminum to lightweight auto systems.
Moreover, in 2019, Tata Autocomp Systems Ltd. teamed up with Fortaco Group to
manufacture safety cabins for off-highway vehicles in India.
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