Gestamp eyes India as a top-five global market, leveraging a new Gujarat plant and EV contract wins to double its local turnover to approximately €480 million by 2030.
Gestamp expects India to become one of its top five markets and double its India turnover within five years, supported by new plant investments and EV contracts.
Spanish automotive supplier Gestamp plans to double its Indian revenue within five years, positioning the country as a top-five global market. The firm is scaling operations with a new Rs5.24bn facility in Gujarat and securing key EV battery box contracts to support long-term expansion.
Growth is fueled by increased manufacturing capacity, new R&D investments, and a strategic shift toward supplying structural components and EV battery boxes to local vehicle manufacturers.