Abstract: Day by day the competition is increasing with new innovations and ideas in automobile sectors. With these innovations, a new path is created in the product development. In this development there is a large scope in modifying the existing materials or replacing old products by new and advanced material products. Automotive organizations are paying their major interest in the weight reduction of components because the weight of the vehicle is the most important factor to be considered as it affects the fuel economy. This weight can be reduced by introducing new materials with better properties and manufacturing process with optimization of design.