Bharat Forge invests in EV and E-Mobility initiatives through it's subsidiaries - 15 Sept 2023

Bharat Forge Limited (Bharat Forge) is making strategic investments in its electric vehicle (EV) and e-mobility ventures. The company's wholly-owned subsidiaries, Kalyani Powertrain Limited (KPTL) and Kalyani Mobility (KMI)

 

KPTL, dedicated to the development of EV and e-mobility solutions, Kalyani Mobility Inc. (KMI), which supports product development in the lightweighting and e-mobility sectors.

 

The primary industry targeted by these investments is EV and e-mobility solutions, aligning with Bharat Forge's main business focus. The investments will be in the form of cash consideration, with an aggregate investment not exceeding 50cr.

 

Upon completion, Bharat Forge will retain 100% ownership of KPTL, while KPTL will maintain a 99.99% shareholding in KMI. These investments signify Bharat Forge's belief in the growing EV and e-mobility sectors as they continue to play a vital role in the evolving Indian automotive industry.


 

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