Gestamp, a well-known global venture that specializes in designing, developing and manufacturing highly engineered metal components for the automobile industry is all geared up to cater to the needs of Electric Vehicles (EVs) in India.
The company has exhibited its solutions for the Electric Vehicle market at the ongoing Auto Expo 2020. The showcased solutions included hot stamping solutions objected to making the EVs lighter and the battery box, which will be a protective seal for the battery.
This is the first time when Gestamp has participated in the Auto Expo 2020, the biggest motor & components show in India. The company showcased new developments to its clients based in India, which included both local as well as international carmakers. These manufacturers work with Gestamp to discover new modes to reduce vehicle weight and increase safety.
Considering the number of motor vehicles doubling every 8-10 years in India, the government is promoting the adoption of EVs with a target of attaining 30% of EV penetration by the year 2030. Since Electric Vehicles bear the extra weight of batteries, the need for light-weighting is more as compared to the combustion engine vehicles. And for this particular need, Gestamp is a well-known expert and offers solutions for metal components as hot stamping, which can cut down body components’ weight by more than 20%.
With new advancements in hot stamping, Gestamp can offer highly-advanced and cost-effective solutions to reduce vehicles’ body structure weights. With the hot stamping technology, Gestamp also claims to improve compliance with occupant safety norms by fostering safety in the structural components of the vehicles. Gestamp launched the hot stamping technology in India with the establishment of its hot stamping plant in Pune. Through this, Gestamp caters to the needs of contemporary automobile manufacturers, particularly in terms of incorporating regulations related to crash tests, emission norms, NCAP ratings and improved fuel economy. In addition, the hot stamp technology also equals the Indian implementations as well as UN standards of vehicle safety regulations.
Battery Boxes have also been another great development by Gestamp as they form a protective seal for EV batteries. The company assists OEMs in making innovative battery boxes which align with safety norms and also help in weight reduction. The major advantage of these solutions is that they have a very high crash performance and are easily repairable, modular and scalable.
Gestamp is currently present in 23 nations across the globe and has over 100 manufacturing facilities, 13 Research & Development centres and it employs more than 43,000 people worldwide. The turnover of the company in 2018 was €8,548m. Under the GEST ticker, the company is also listed on the Spanish stock market. As the EV market in India is anticipated to be on boom in the coming years, Gestamp aims to cater to the emerging EV industry needs, particularly on the weight reduction part.
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