Automotive Stamping and Assemblies
Limited targets aggressive growth plans
29 Aug 2007
Earmarks Rs 211
million for capacity expansion at Chakan plant and
Rs 481 million to set its fourth plant at Pantnagar in Uttarakhand
and Assemblies Limited (ASAL), one of the largest manufacturers
of sheet metal components and assemblies for the automotive industry,
today announced its growth plans. The company is setting up a new
manufacturing unit in Pantnagar, Uttarakhand with an estimated outlay
of Rs 481 million. It has also earmarked Rs 211 million for the
capacity expansion at Chakan. Both these activities are expected
to be completed by last quarter of the current financial year.
Recently, Gestamp Servicios, S. L., acquired
37.5 per cent equity share capital, as a joint venture partner with
Tata AutoComp Systems Limited, in this company. This joint venture
facilitates new opportunities towards creating world-class products
and services. This will also enable ASAL, to access latest technologies
in sheet metal stampings such as tailor welded blanks, hot stampings,
hydro forming and roll-forming.
The 'Technology Transfer and Technical Assistance
Agreement' with Gestamp Group will enable ASAL to enhance its existing
business, build capabilities and enhance the growth of the company.
OEMs are exploring these technologies for their new programmes.
About Automotive Stampings and Assemblies
Automotive Stampings and Assemblies Limited, one of the largest
manufacturers of sheet metal components and assemblies for the automotive
industry started its operations in 1990. It is a joint venture between
Tata AutoComp Systems Ltd and Gestamp Servicios, S. L. ASAL supplies
a large range of components and assemblies to different sectors
of the automobile industry in widely varying specifications. The
current product offerings includes skin parts of car, body in white
components, under body members, fuel tanks, chassis and suspension
parts, wheel housing and oil sumps.
Over the years, ASAL has built up an extensive manufacturing base
with in-depth knowledge of market needs and trends, offering a vast
range of products to fulfill the requirements of the Indian as well
as the multinational automotive manufacturers. Today, ASAL is the
preferred supplier for a host of leading players in the automobile
industry which include Fiat India, FORD Europe, General Motors India,
Gujarat Setco, John Deere India, John Deere USA, Mahindra &
Mahindra, Piaggio India, Tata Motors, Trelleborg Germany and Volvo
India among others.