Mumbai, Sept. 8 -- Spanish automotive engineering company Gestamp has officially opened its 5th production facility in Bhagapura, Gujarat, marking an investment of INR 5.23 billion across its initial phases. The site adds 31,790 square metres of manufacturing footprint to its operations in the country.

The new plant employs 240 people and houses two hot-stamping lines, a laser cutting line and welding cells for assembly operations. It produces body-in-white (BiW) components, including parts from the Ges-Gigastamping product line, which integrate large structural components into single pressings. The site features an energy monitoring system to track power consumption and plans to source electricity through renewable power purchase agreem...