In view of the structure of the suspension component, two possibilities of the multi\|position progressive die layout were analyzed. By process combination of some positions of the multi-position progressive die, fewer punch machines are needed, the die cost is reduced and the production efficiency is increased. Besides, according to the characteristic that the structures of the upper and lower halves of the suspension component are roughly the same, the upper and lower halves of the suspension component can be formed by the same set of die with replacement of the insert of the individual position, which saves the die cost.