Flat metal is shaped into the necessary shapes using the assembly technique of metal stamping. To produce vast quantities of sheet metal components for the aftermarket and original equipment manufacturer (OEM) markets, the automotive industry uses a particular kind of metal stamping called automotive stamping. Automotive sheet metal products such brackets, plate holders, roofs, fenders, valves, exhaust systems, brake shoes, and fuel distribution systems are all manufactured by this company.
India has one of the fastest-growing automobile marketplaces in the world thanks to its rapidly developing automotive sector. Rising demand for a variety of vehicles, including passenger cars, commercial trucks, and two-wheelers, is what's fueling this expansion. As a result, the nation's need for automotive stamping parts has grown dramatically. India's market for stamping parts is expected to benefit considerably from the growth of the automotive industry. Stamped parts are increasingly used for automotive manufacturing and assembly. These parts are essential to the performance, safety, and structural integrity of automobiles.
The India Automotive Stamping Market is anticipated to expand at a compound annual growth rate (CAGR) of 4.4% between 2023 and 2030.
Major Players in the India Automotive stamping Industry:
1. Automotive Stampings and Assemblies Ltd.
Automotive Stampings and Assemblies Ltd. was founded in 1990 and headquartered in Pune, India. It operates in India. Automotive Stampings and Assemblies Ltd made the decision to build a new plant in Pune in December 2021.
2. JBM Group
JBM Group was founded in 1996 and headquartered in Haryana, India. It operates in more than 25 locations across 10 countries throughout the world. JBM Group purchases a majority stake in German automaker Linde-Wiemann in February 2019.
3. Klt Automotive And Tubular Products Limited
Klt Automotive And Tubular Products Limited was founded in 1994 and headquartered in Mumbai, India. It has 2 manufacturing plants in Maharashtra in India and 1 in South Africa.
4. Autocomp Corporation Panse Pvt. Ltd.
Autocomp Corporation Panse Pvt. Ltd. was founded in 2006 and headquartered in Maharashtra, India. It operates in India and globally.
5. Omax Auto Ltd.
Omax Auto Ltd. was founded in 1983 and headquartered in Haryana, India. It operates in India.
6. Mahindra CIE Automotive Limited
Mahindra CIE Automotive Limited was founded in 1996 as Corporacion Industrial Egana and headquartered in Bilbao, Spain. It operates in 4 continents and 15 countries. Mahindra CIE Automotive Ltd became CIE Automotive India Ltd in December 2022.
7. Sona Koyo Steering Systems Limited
Sona Koyo Steering Systems Limited renamed JTEKT India, was founded in 1984 and headquartered in Haryana, India. It operates in 23 countries worldwide. In September 2022, Jtekt India Ltd. starts producing a new product.
8. Harsha Engineers Limited
Harsha Engineers Limited was founded in 1986 and headquartered in. It operates in Gujarat, India.
9. Tata Autocomp Systems Limited
Tata Autocomp Systems Limited was founded in 1995 and headquartered in Maharashtra, India. It operates in India, North America, Latin America, Europe and China. In May 2023, Tata AutoComp Systems Limited and Punch Powertrain agreed to a Memorandum of Understanding (MoU) to create a 50/50 joint venture (subject to regulatory approvals) to provide inexpensive, sustainable mobility solutions to the Indian market.
10. Cosma International (India) Private Limited
Cosma International (India) Private Limited was founded in 2009 and headquartered in Maharashtra, India. It operates in 29 countries.
*Definition: Metal sheet components are produced using dies in the automotive stamping production process. The metal is forced against the heated dies to create the component after they have been heated. Automotive stamping is used in the vehicle, aircraft, and medical device sectors. Automotive stamping is important because it allows for the mass production of automotive components, which lowers the cost of car production.
