JSL expects sales to accelerate led with advent of BS VI norms in auto sector
Stainless steel is used in vital auto components such as vehicle exhaust, disk brakes, catalytic converters and specialized parts of diesel turbochargers.
KOLKATA: Jindal Stainless Ltd (JSL) which currently supplies a major chunk of stainless steel to the domestic automotive industry, said it expects to sales to accelerate led by strong growth in auto and the advent of BS VI norms in the sector.
“Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next five years. 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,” a statement issued by the company in the backdrop of the 58th Annual Convention being organized by the Society of Indian Automobile Manufacturers (SIAM) in Delhi. The event focused on issues influencing Indian automotive industry’s competitiveness and its integration with the global economy.
Commenting on the potential of stainless steel usage in the automotive industry, JSL’s Head Sales, Vijay Sharma said: “The Indian automobile sector is rising fast with an annual growth rate of 15% registered in FY18. Jindal Stainless registered a 25% growth in this sector. While developed nations deploy 19% stainless steel in motor vehicles, developing countries consume it to the tune of 5%”.
Stainless steel is used in vital auto components such as vehicle exhaust, disk brakes, catalytic converters and specialized parts of diesel turbochargers. Apart from this, it can also be used 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, the company said.
“Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next five years. 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,” a statement issued by the company in the backdrop of the 58th Annual Convention being organized by the Society of Indian Automobile Manufacturers (SIAM) in Delhi. The event focused on issues influencing Indian automotive industry’s competitiveness and its integration with the global economy.
Commenting on the potential of stainless steel usage in the automotive industry, JSL’s Head Sales, Vijay Sharma said: “The Indian automobile sector is rising fast with an annual growth rate of 15% registered in FY18. Jindal Stainless registered a 25% growth in this sector. While developed nations deploy 19% stainless steel in motor vehicles, developing countries consume it to the tune of 5%”.
Stainless steel is used in vital auto components such as vehicle exhaust, disk brakes, catalytic converters and specialized parts of diesel turbochargers. Apart from this, it can also be used 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, the company said.
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