Jindal Stainless to witness record-breaking growth in automotive segment

Jindal Stainless to witness record-breaking growth in automotive segment

Print

Date Publication Edition Headline

06-09-2018 Business Standard Delhi, Mumbai, Chennai

Jindal Stainless to tap opportunities in auto sector

06-09-2018 Financial Chronicle Delhi Jindal Stainless to triple supplies to automobile segment

Online

Date Website Headline

05-09-2018 Auto.economictimes.indiatimes.com Jindal Stainless to tap opportunities in automotive sector

05-09-2018 Business-standard.com Jindal Stainless to tap opportunities in automotive sector

06-09-2018 Mydigitalfc.com Jindal Stainless to triple supplies to automobile segment

05-09-2018 Moneycontrol.com Jindal Stainless to tap opportunities in automotive sector

05-09-2018 Timesofindia.indiatimes.com Jindal Stainless to tap opportunities in automotive sector

05-09-2018 Btvi.in Jindal Stainless To Tap Opportunities In Automotive Sector

05-09-2018 Zeebiz.com Jindal Stainless to tap opportunities in domestic automotive industry

05-09-2018 Motownindiacv.com Jindal Stainless to witness record growth in automotive segment

05-09-2018 Orissadiary.com Jindal Stainless to witness record-breaking growth in automotive segment

05-09-2018 India.com Jindal Stainless to tap opportunities in automotive sector

05-09-2018 Businessfortnight.com Jindal Stainless to witness record-breaking growth in automotive segment

05-09-2018 Thenewsminute.blogspot.com Jindal Stainless to witness record-breaking growth in automotive segment

05-09-2018 Webnewswire.com Jindal Stainless to witness record-breaking growth in automotive segment

Print

Date 06-09-2018

Publication Business Standard

Page No. 2

Date 06-09-2018

Publication Financial Chronicle

Page No. 4

Online

Weblink: https://auto.economictimes.indiatimes.com/news/auto-components/jindal-stainless-to-tap-opportunities-in-automotive-sector/65690837

Jindal Stainless to tap opportunities in automotive sector The country's largest stainless steel maker Jindal Stainless Ltd (JSL) will tap the growing business opportunities in the domestic automotive industry, a company official said Wednesday. "The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tonne of stainless steel in a year. "The Indian automobile sector is pegged to grow at a rate of 15 per cent per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years," Vijay Sharma, Head Sales, Jindal Stainless said in a statement. At present, domestic automotive sector's 60 per cent demand of stainless steel is met through JSL, Sharma added. The company supplies stainless steel to major auto players like Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts. It is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing, Sharma said. "The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slideability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialised parts of diesel turbochargers," he said. Besides, Sharma said, there is a opportunity for stainless steel in fuel tanks and bus bodies. It is best for bus body frames and panels. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal is fire resistance, light weight and cost effective, and due to these qualities it also helps in saving fuel cost. All major global bus body manufacturers such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life, he added.

Date 05-09-2018

Website https://auto.economictimes.indiatimes.com

Weblink: https://www.business-standard.com/article/pti-stories/jindal-stainless-to-tap-opportunities-in-automotive-

sector-118090501009_1.html

Jindal Stainless to tap opportunities in automotive sector The country's largest stainless steel maker Jindal Stainless Ltd (JSL) will tap the growing business opportunities in the domestic automotive industry, a company official said Wednesday. "The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tonne of stainless steel in a year. "The Indian automobile sector is pegged to grow at a rate of 15 per cent per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years," Vijay Sharma, Head Sales, Jindal Stainless said in a statement. At present, domestic automotive sector's 60 per cent demand of stainless steel is met through JSL, Sharma added. The company supplies stainless steel to major auto players like Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts. It is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing, Sharma said. "The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for

Date 05-09-2018

Website www.business-standard.com

usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialised parts of diesel turbochargers," he said. Besides, Sharma said, there is an opportunity for stainless steel in fuel tanks and bus bodies. It is best for bus body frames and panels. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal is fire resistance, light weight and cost effective, and due to these qualities it also helps in saving fuel cost. All major global bus body manufacturers such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life, he added.

Weblink: http://www.mydigitalfc.com/companies-and-markets/jindal-stainless-triple-supplies-automobile-segment

Jindal Stainless to triple supplies to automobile segment Introduction of BS VI norms in the automobile segment is set to change the fortunes of the country’s largest stainless steel maker, Jindal Stainless. The company plans to triple its supplies to the automobile segment in the next five years with stainless steel being declared the most preferred metal for exhausts under the new emission norms. “Overall, auto sector consumes nearly 2 lakh tonnes of stainless steel in a year. This is pegged to grow at a rate of 15 per cent per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. It plans to triple its supplies towards this segment in the next five years,” Jindal Stainless said. According to the 2020 BS VI norms, stainless steel is the most preferred metal for exhausts, the weight of which will increase from 20 to 40 kgs in commercial vehicles. This would mean enough demand for domestic stainless steel suppliers to sustain a growth of 25 per cent. “India’s automobile sector is rising fast with an annual growth rate of 15 per cent registered in FY18. Jindal Stainless registered an even stronger growth of 25 per cent in this sector in the same financial year, by virtue of its continued investment in innovation and a focus on import substitution,” said Vijay Sharma, head sales, Jindal Stainless. Low consumption of stainless steel by the automobile industry has given hope for domestic steel makers. While developed nations deploy 19 per cent stainless steel in motor vehicles, developing countries consume it to the tune of 5 per cent.

Date 06-09-2018

Website www.mydigitalfc.com

Weblink: https://www.moneycontrol.com/news/business/jindal-stainless-to-tap-opportunities-in-automotive-sector-2921561.html

Jindal Stainless to tap opportunities in automotive sector

The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tonne of stainless steel in a year. The country's largest stainless steel maker Jindal Stainless Ltd(JSL) will tap the growing business opportunities in the domestic automotive industry, a company official said Wednesday. The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tonne of stainless steel in a year. "The Indian automobile sector is pegged to grow at a rate of 15 percent per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years," Vijay Sharma, Head Sales, Jindal Stainless said in a statement. At present, domestic automotive sector's 60 percent demand of stainless steel is met through JSL, Sharma added. The company supplies stainless steel to major auto players like Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts. It is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing, Sharma said. "The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialised parts of diesel turbochargers," he said.

Date 05-09-2018

Website www.moneycontrol.com

Besides, Sharma said, there is a opportunity for stainless steel in fuel tanks and bus bodies. It is best for bus body frames and panels. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal is fire resistance, light weight and cost effective, and due to these qualities it also helps in saving fuel cost. All major global bus body manufacturers such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life, he added.

Weblink: https://timesofindia.indiatimes.com/business/india-business/jindal-stainless-to-tap-opportunities-in-automotive-sector/articleshow/65689723.cms

Jindal Stainless to tap opportunities in automotive sector The country's largest stainless steel maker Jindal Stainless Ltd (JSL) will tap the growing business opportunities in the domestic automotive industry, a company official said Wednesday. "The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tonne of stainless steel in a year. "The Indian automobile sector is pegged to grow at a rate of 15 per cent per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years," Vijay Sharma, Head Sales, Jindal Stainless said in a statement. At present, domestic automotive sector's 60 per cent demand of stainless steel is met through JSL, Sharma added. The company supplies stainless steel to major auto players like Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts. It is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing, Sharma said. "The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialised parts of diesel turbochargers," he said. Besides, Sharma said, there is a opportunity for stainless steel in fuel tanks and bus bodies. It is best for bus body frames and panels. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal is fire resistance, light weight and cost effective, and due to these qualities it also helps in saving fuel cost. All major global bus body manufacturers such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life, he added.

Date 05-09-2018

Website https://timesofindia.indiatimes.com

Weblink: http://www.btvi.in/industry/jindal-stainless-to-tap-opportunities-in-automotive-sector/98010

Jindal Stainless To Tap Opportunities In Automotive Sector The country's largest stainless steel maker Jindal Stainless Ltd (JSL) will tap the growing business opportunities in the domestic automotive industry, a company official said Wednesday. "The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tonne of stainless steel in a year. "The Indian automobile sector is pegged to grow at a rate of 15 per cent per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years," Vijay Sharma, Head Sales, Jindal Stainless said in a statement. At present, domestic automotive sector's 60 per cent demand of stainless steel is met through JSL, Sharma added. The company supplies stainless steel to major auto players like Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts. It is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing, Sharma said. "The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialised parts of diesel turbochargers," he said. Besides, Sharma said, there is a opportunity for stainless steel in fuel tanks and bus bodies. It is best for bus body frames and panels.

Date 05-09-2018

Website www.btvi.in

Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal is fire resistance, light weight and cost effective, and due to these qualities it also helps in saving fuel cost. All major global bus body manufacturers such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life, he added.

Weblink: http://www.zeebiz.com/companies/news-jindal-stainless-to-tap-opportunities-in-domestic-automotive-industry-62191

Jindal Stainless to tap opportunities in domestic automotive industry Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal is fire resistance, light weight and cost effective, and due to these qualities it also helps in saving fuel cost.

The company supplies stainless steel to major auto players like Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others. The country's largest stainless steel maker Jindal Stainless Ltd (JSL) will tap the growing business opportunities in the domestic automotive industry, a company official said Wednesday. "The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tonne of stainless steel in a year. "The Indian automobile sector is pegged to grow at a rate of 15 per cent per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years," Vijay Sharma, Head Sales, Jindal Stainless said in a statement. At present, domestic automotive sector's 60 per cent demand of stainless steel is met through JSL, Sharma added. The company supplies stainless steel to major auto players like Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts. It is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing, Sharma said. "The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for

Date 05-09-2018

Website www.zeebiz.com

usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialised parts of diesel turbochargers," he said. Besides, Sharma said, there is a opportunity for stainless steel in fuel tanks and bus bodies. It is best for bus body frames and panels. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal is fire resistance, light weight and cost effective, and due to these qualities it also helps in saving fuel cost.

Weblink: https://motownindiacv.com/Bureau/CV-Components/436/Jindal-Stainless-to-witness-record-growth-in-automotive-segment-Motown-India-Bureau

Jindal Stainless to witness record growth in automotive segment Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts, the weight of which will increase from 20 to 40 kgs in commercial vehicles. Apart from this, there is a huge playing field for stainless steel in fuel tanks and bus bodies. Owing to India’s long coast line, stainless steel is the best choice for making bus body frames and panels, ensuring longevity in these highly corrosive environments. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal’s fire resistance (ability to withstand temperatures in excess of 900 degrees centigrade) and cost effectiveness due to it being light weight results in saving fuel costs. All major global bus body manufacturers, such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life. According to the company, the Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tones of stainless steel in a year. This is pegged to grow at a rate of 15% per annum, providing enough scope of growth to domestic producers of stainless steel. Speaking about the potential of stainless steel usage in the automotive industry Vijay Sharma, Head Sales, Jindal Stainless noted, “The Indian automobile sector is rising fast with an annual growth rate of 15% registered in FY18. Against this backdrop, Jindal Stainless registered an even stronger growth of 25% in this sector in the same financial year, by virtue of its continued investment in innovation and a focus on import substitution. The transformation of the Indian automobile industry is fascinating, considering that auto majors are reducing costs while maintaining the same quality as their international counterparts. While developed nations deploy 19% stainless steel in motor vehicles, developing countries consume it to the tune of 5%”. Currently, Jindal Stainless contributes around 60% to the country’s requirement of stainless steel in automotive sector.” Stainless steel is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing. The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialized parts of diesel turbochargers. Jindal Stainless has a broad and trusted clientele of major brands such as Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others.

Date 05-09-2018

Website https://motownindiacv.com

Weblink: http://orissadiary.com/jindal-stainless-witness-record-breaking-growth-automotive-segment/

Jindal Stainless to witness record-breaking growth in automotive segment The 58th Annual Convention will be organized in Delhi tomorrow by the Society of Indian Automobile Manufacturers (SIAM) focused on issues influencing Indian automotive industry’s competitiveness and its integration with the global economy. Speaking about the potential of stainless steel usage in the automotive industry, Head Sales, Jindal Stainless, Vijay Sharma said, “The Indian automobile sector is rising fast with an annual growth rate of 15% registered in FY18. Against this backdrop, Jindal Stainless registered an even stronger growth of 25% in this sector in the same financial year, by virtue of its continued investment in innovation and a focus on import substitution. The transformation of the Indian automobile industry is fascinating, considering that auto majors are reducing costs while maintaining the same quality as their international counterparts. While developed nations deploy 19% stainless steel in motor vehicles, developing countries consume it to the tune of 5%”. Currently, Jindal Stainless contributes around 60% to the country’s requirement of stainless steel in automotive sector. The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tones of stainless steel in a year. This is pegged to grow at a rate of 15% per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts, the weight of which will increase from 20 to 40 kgs in commercial vehicles. Stainless steel is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing. The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an

Date 05-09-2018

Website http://orissadiary.com

optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialized parts of diesel turbochargers. Apart from this, there is a huge playing field for stainless steel in fuel tanks and bus bodies. Owing to India’s long coast line, stainless steel is the best choice for making bus body frames and panels, ensuring longevity in these highly corrosive environments. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal’s fire resistance (ability to withstand temperatures in excess of 900 degrees centigrade) and cost effectiveness due to it being light weight results in saving fuel costs. All major global bus body manufacturers, such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life. Jindal Stainless has a broad and trusted clientele of major brands such as Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others.

Weblink: http://www.india.com/news/agencies/jindal-stainless-to-tap-opportunities-in-automotive-sector-3275961/

Jindal Stainless to tap opportunities in automotive sector The country’s largest stainless steel maker Jindal Stainless Ltd (JSL) will tap the growing business opportunities in the domestic automotive industry, a company official said Wednesday. “The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tonne of stainless steel in a year. “The Indian automobile sector is pegged to grow at a rate of 15 per cent per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years,” Vijay Sharma, Head Sales, Jindal Stainless said in a statement. At present, domestic automotive sector’s 60 per cent demand of stainless steel is met through JSL, Sharma added. The company supplies stainless steel to major auto players like Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts. It is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing, Sharma said. “The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialised parts of diesel turbochargers,” he said. Besides, Sharma said, there is a opportunity for stainless steel in fuel tanks and bus bodies. It is best for bus body frames and panels. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal is fire resistance, light weight and cost effective, and due to these qualities it also helps in saving fuel cost. All major global bus body manufacturers such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life, he added.

Date 05-09-2018

Website www.india.com

Weblink: http://www.businessfortnight.com/jindal-stainless-to-witness-record-breaking-growth-in-automotive-segment/

Jindal Stainless to witness record-breaking growth in automotive segment The 58th Annual Convention will be organized in Delhi tomorrow by the Society of Indian Automobile Manufacturers (SIAM) focused on issues influencing Indian automotive industry’s competitiveness and its integration with the global economy. Speaking about the potential of stainless steel usage in the automotive industry, Head Sales, Jindal Stainless, Vijay Sharma said, “The Indian automobile sector is rising fast with an annual growth rate of 15% registered in FY18. Against this backdrop, Jindal Stainless registered an even stronger growth of 25% in this sector in the same financial year, by virtue of its continued investment in innovation and a focus on import substitution. The transformation of the Indian automobile industry is fascinating, considering that auto majors are reducing costs while maintaining the same quality as their international counterparts. While developed nations deploy 19% stainless steel in motor vehicles, developing countries consume it to the tune of 5%”. Currently, Jindal Stainless contributes around 60% to the country’s requirement of stainless steel in automotive sector. The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tones of stainless steel in a year. This is pegged to grow at a rate of 15% per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts, the weight of which will increase from 20 to 40 kgs in commercial vehicles. Stainless steel is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing. The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an

Date 05-09-2018

Website www.businessfortnight.com

optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialized parts of diesel turbochargers. Apart from this, there is a huge playing field for stainless steel in fuel tanks and bus bodies. Owing to India’s long coast line, stainless steel is the best choice for making bus body frames and panels, ensuring longevity in these highly corrosive environments. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal’s fire resistance (ability to withstand temperatures in excess of 900 degrees centigrade) and cost effectiveness due to it being light weight results in saving fuel costs. All major global bus body manufacturers, such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life.

Weblink: https://thenewsminute.blogspot.com/2018/09/jindal-stainless-to-witness-record.html

Jindal Stainless to witness record-breaking growth in automotive segment The 58th Annual Convention will be organized in Delhi tomorrow by the Society of Indian Automobile Manufacturers (SIAM) focused on issues influencing Indian automotive industry’s competitiveness and its integration with the global economy. Speaking about the potential of stainless steel usage in the automotive industry, Head Sales, Jindal Stainless, Vijay Sharma said, “The Indian automobile sector is rising fast with an annual growth rate of 15% registered in FY18. Against this backdrop, Jindal Stainless registered an even stronger growth of 25% in this sector in the same financial year, by virtue of its continued investment in innovation and a focus on import substitution. The transformation of the Indian automobile industry is fascinating, considering that auto majors are reducing costs while maintaining the same quality as their international counterparts. While developed nations deploy 19% stainless steel in motor vehicles, developing countries consume it to the tune of 5%”. Currently, Jindal Stainless contributes around 60% to the country’s requirement of stainless steel in automotive sector. The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tones of stainless steel in a year. This is pegged to grow at a rate of 15% per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts, the weight of which will increase from 20 to 40 kgs in commercial vehicles. Stainless steel is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing. The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialized parts of diesel turbochargers. Apart from this, there is a huge playing field for stainless steel in fuel tanks and bus bodies. Owing to India’s long coast line, stainless steel is the best choice for making bus body frames and panels, ensuring longevity in these highly corrosive environments. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal’s fire resistance (ability to withstand temperatures in excess of 900 degrees centigrade) and cost effectiveness due to it being light weight results in saving fuel costs. All major global bus body manufacturers, such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life. Jindal Stainless has a broad and trusted clientele of major brands such as Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others.

Date 05-09-2018

Website https://thenewsminute.blogspot.com

Weblink: http://www.webnewswire.com/2018/09/05/jindal-stainless-to-witness-record-breaking-growth-in-automotive-

segment/

Jindal Stainless to witness record-breaking growth in automotive segment The 58th Annual Convention will be organized in Delhi tomorrow by the Society of Indian Automobile Manufacturers (SIAM) focused on issues influencing Indian automotive industry’s competitiveness and its integration with the global economy. Speaking about the potential of stainless steel usage in the automotive industry, Head Sales, Jindal Stainless, Vijay Sharma said, “The Indian automobile sector is rising fast with an annual growth rate of 15% registered in FY18. Against this backdrop, Jindal Stainless registered an even stronger growth of 25% in this sector in the same financial year, by virtue of its continued investment in innovation and a focus on import substitution. The transformation of the Indian automobile industry is fascinating, considering that auto majors are reducing costs while maintaining the same quality as their international counterparts. While developed nations deploy 19% stainless steel in motor vehicles, developing countries consume it to the tune of 5%”. Currently, Jindal Stainless contributes around 60% to the country’s requirement of stainless steel in automotive sector. The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tones of stainless steel in a year. This is pegged to grow at a rate of 15% per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years. According to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts, the weight of which will increase from 20 to 40 kgs in commercial vehicles. Stainless steel is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing. The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialized parts of diesel turbochargers. Apart from this, there is a huge playing field for stainless steel in fuel tanks and bus bodies. Owing to India’s long coast line, stainless steel is the best choice for making bus body frames and panels, ensuring longevity in these highly corrosive

Date 05-09-2018

Website www.webnewswire.com

environments. Jindal Stainless has successfully developed and deployed stainless steel fuel tanks for commercial vehicles. The metal’s fire resistance (ability to withstand temperatures in excess of 900 degrees centigrade) and cost effectiveness due to it being light weight results in saving fuel costs. All major global bus body manufacturers, such as Volvo, Scania, Optare trust stainless steel, primarily to reduce weight and prolong battery life. Jindal Stainless has a broad and trusted clientele of major brands such as Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others.