Gestamp, the Spanish multinational company designing, developing and making metal components for the automotive industry, has launched a new plant specialised in hot stamping in Pune (India).

The company will spend EUR36m on the new factory that will supply Fiat Chrysler Automobile (FCA), Ford and Tata.

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Factory construction has begun and serial production begins next May this year.

The Pune plant will employ 130 people this year and will introduce hot stamping to India.

Loire Gestamp, a group company specialising in the design and manufacture of press lines, has installed a hot stamping line with a 1,200 ton press, incorporating automatic connections for changing tools, thermal imagers and a monitoring system.

Chairman and CEO Francisco Riberas said: “The installation of a technology such as hot stamping is synonymous with the confidence our company has in a very dynamic market such as India’s, in which regulatory changes aiming to improve the safety of vehicles in case of collision will demand new solutions from manufacturers and suppliers.”

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This will be Gestamp’s third plant in India where it has pent EUR150m since arrival in 2008. The supplier also has an R&D centre where work to lighten vehicle weight is done.

Gestamp already supplies Ford, Volkswagen Skoda, Renault Nissan and FCA in India. Since beginning operations in India, turnover has increased almost nine-fold, from EUR19m in 2008 to EUR157m in 2015.

India is the sixth largest auto market worldwide. IHS data shows a year-on-year increase in production volume of 8.7% since 2008. This growth is more than double the 3.9% global growth in the same period.

Gestamp has 70 hot stamping lines worldwide and says the technology allows the weight of body in white parts to be reduced by up to 30%.