Bharat Forge’s arm Kalyani Powertrain has hiked stake in electric two-wheeler maker Tork Motors to 60.66 per cent through conversion of debentures into equity shares.
Earlier this year, Bharat Forge had announced plans to house all of its electric vehicle (EV) business initiatives under Kalyani Powertrain (KPL), a wholly-owned subsidiary.
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.
