The automotive industry currently demands materials with improved formability and crash performance. Austenitic stainless steels have been singled out for potential development of high strength steels to achieve exceptional combinations of strength and ductility due to their high strain hardening abilities. Austenitic 301LN stainless steel is the least alloyed and most metastable among the 300-series austenitic stainless steels. Plastic deformation at a temperature below Md transforms the metastable austenite phase to a thermodynamically more stable martensite phase accompanied with enhanced strain hardening. There are two different deformation mechanisms of austenitic stainless steels which are TRIP and TWIP effects. In this work, both mec...