It’s no mystery that reduction of vehicle’s weight can convey major benefits for fuel consumption and other performance parameters of a vehicle. With the continued existing regulatory pressure worldwide for emission control and focus of OEM on developing performance vehicle with high durability brought a significant shift in the automotive industry with employment of light weight body parts. In recent past, weight of vehicle has turned into significant parameter to compete in the market, to accomplish this OEMs either focus on downsizing components or using new materials with reduced weight and similar properties as that of conventional materials used.