Bharat Forge is intending to undertake electric vehicle (EV) business through a special purpose vehicle, which would be a wholly-owned subsidiary of the company. As an initial step, the company has decided to acquire newly formed group firm Kalyani Powertrain (KPPL). In this regard, on March 16, 2021, the ‘Investment Committee – Strategic Business’ of the company has approved to acquire 100% stake in KPPL which shall act as the SPV to carry on the EV business.
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
