Bharat Forge Limited announced that the board of directors of the Company has accorded in-principle approval for making a further Investment in its wholly owned subsidiary Kalyani Powertrain Limited (KPTL) for an amount not exceeding INR 796 million. Further, the board has delegated the necessary powers to the ‘inves

On April 23, the Competition Commission of India (CCI) approved Bharat Forge Limited's proposed acquisition of 100% equity in AAM India Manufacturing Corporation Private Limited (AAM India), subject to voluntary modifications offered by the parties involved. AAM India, a subsidiary of American Axle & Manufacturing Ho

On December 23, Bharat Forge Limited announced that its board had approved the infusion of funds of USD 64.50 million by Bharat Forge Limited into BFA (Bharat Forge America Inc.). From the allocation, USD 19.5 million will be retained by BFA, USD 30 million will be invested by BFA into Bharat Forge Aluminum USA (BFAL

On December 13, Bharat Forge Limited announced that its Investment Committee has approved additional investment in the equity shares of Kalyani Powertrain Limited (KPTL).
KPTL is a wholly owned subsidiary of Bharat Forge which houses electric vehicle and e-mobility initiatives of the company. Bharat Forge will subscr

Bharat Forge Limited (BFL) agreed to the acquisition of 100% shareholding in AAM India Manufacturing Corporation Private Limited (AAMIMCPL), a subsidiary of American Axle & Manufacturing Holdings, Inc. (AAM) for an enterprise value of INR 5,445.30 million. The company will acquire the commercial vehicle axle business

On September 20, Bharat Forge Limited announced the completion of its internal restructuring, involving the transfer of a 50% equity stake held by the company in Refu Drive GmbH (Refu), a joint venture company, to Kalyani Powertrain Limited (KPTL), its wholly-owned subsidiary.
This move follows the earlier announceme

On August 22, Bharat Forge Limited announced that the investment committee of its strategic business division has, approved an additional investment of INR 1.05 billion in Kalyani Powertrain Limited (KPTL). The investment will be completed on or before September 30, 2024, while it will continue to hold 100% of shareh

On August 8, Bharat Forge Limited announced that its board of directors has approved the transfer of a 39.43% stake held in TMJ Electric Vehicles Limited to Bharat Forge International Limited, a wholly-owned subsidiary, at fair value assessed by an independent valuer. The Group has its investment in Tewa Motors Limit

On June 18, Bharat Forge Limited announced that it had made an additional investment of USD 40 million in its wholly-owned subsidiary Bharat Forge America Inc.
The funds are intended for further investment by BFA into its wholly owned subsidiary - Bharat Forge Aluminium USA Inc. (“BFAL”), to facilitate BFAL’s capital

Bharat Forge Limited announced that it has infused USD 15 million in Bharat Forge America Inc., (BFA) a wholly owned subsidiary of the Company. This amount will then be invested by BFA into Bharat Forge Aluminum USA, Inc. (BFAL), a wholly owned subsidiary of BFA. The investment will tentatively be completed by Februa

 Bharat Forge Limited announced that its board has approved additional investment in KPTL (Kalyani Powertrain Limited) not exceeding INR 460 million. The investment will be completed on or before March 31, 2024, and post the investment, the company will continue to hold 100% of the shareholding in KPTL.
KPTL is engag

Bharat Forge Limited entered a memorandum of understanding (MoU) with Guidance, the Nodal Agency of the Government of Tamil Nadu on January 8, 2024, as part of the Tamil Nadu Global Investors Meet 2024, for investing up to INR 10 billion over 5 years to expand its manufacturing footprint in Tamil Nadu.
(Based on the

Bharat Forge announced that in Q2 FY 2024 ending September, it secured new business contracts worth INR 5 billion, spanning industrial and commercial vehicle markets. The total business wins for H1 FY 2024 amounted to INR 7.4 billion, including nearly INR 3 billion from e-mobility platforms. It specified that the ele

Bharat Forge announced that the Board of the Company approved additional investment in Kalyani Powertrain Limited (KPTL) which will be invested into in its wholly owned subsidiary Kalyani Mobility Inc. (KMI). The aggregate investment will not be exceeding INR 500 million and will be completed by September 30, 2023. F

Bharat Forge announced that its board of directors approved the conversion of existing intercorporate deposits (given by the Company to Kalyani Powertrain Limited (KPTL), a wholly-owned subsidiary of the Company), along with interest thereon, amounting to INR 1,113 million, into equity shares, to reduce the overall b

Bharat Forge announced through its E -Mobility subsidiary, Kalyani Powertrain Limited, that it inaugurated its first E-bike manufacturing facility at MIDC Chakan on March 8, 2023. The facility has a production capacity of 60,000 units per annum and is scalable to 100,000 units per annum, will undertake the assembly o

Bharat Forge Limited announced that it commenced the supply of forgings utilizing Green Steel, manufactured, and supplied by Saarloha Advanced Materials Private Limited (Saarloha), Part of the Kalyani Group. The Green steel under the brand “Kalyani FeRRESTA and Kalyani FeRRESTA PLUS” is manufactured in an Electric Ar

Bharat Forge announced that they are the exclusive manufacturing partner for Harbinger Motors powertrain which is EDU, an electronic drive unit for Class 4 through Class 6/7 commercial vehicles. The first product coming out of their portfolio would include a 350-kilowatt EDU with something like a 1500 Newton meter na

On September 13, Harbinger Motors Inc., a new Los Angeles-based startup announced a joint venture to develop electrified drivetrains with India-based Kalyani Powertrain Limited.
Harbinger is using the North American International Auto Show to debut its coming electric medium-duty vehicles for the fleet market, with a

Bharat Forge Limited announced that during the financial year that ended on March 31, 2022, it has successfully commercialized its aluminum forging facility in North Carolina, US. This is a 10,000 MTPA plant. This facility will be the most modern automated Aluminum forging facility when fully operational. The capacit