Ges­tamp In­vests ₹ 260 cr in Hot Stamp­ing Plant in Pune

The Economic Times - - Economy: Macro, Micro & More -

Ges­tamp, Span­ish auto com­po­nent ma­jor spe­cial­is­ing in metal com­po­nents, has in­vested ₹ 260 crore in a new hot stamp­ing plant in Pune to cater to grow­ing de­mand for safer and light weight ve­hi­cles in the coun­try. The com­pany claims, Ges­tamp's hot stamp­ing tech­nol­ogy can re­duce the over­all ve­hi­cle weight by up to 30%. Hot stamp­ing is a so­lu­tion that al­low mak­ers to re­duce the weight of the body in white struc­ture, re­sult­ing in re­duced emis­sions.

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