India Automotive Stamping Market
Growing collaborations and partnerships between OEMs and stamped component suppliers to improve product development and manufacturing are expected to be a major trend in the India Automotive Stamping Market during the forecast period. OEMs and stamped component suppliers have formed collaborations and partnerships, which has streamlined operations and met product demand. Furthermore, OEMs are working hard to reduce their vendor base in order to reduce account management. For example, Gestamp Automobile India Private Limited opened a new plant in Pune in February 2017 to meet the increasing demand for stamped component requirements from Ford, Tata Motors, and Fiat Chrysler Automotive (FCA).
