In a landmark move that cements Bharat Forge’s position as a dominant player in the automotive components sector, the company announced its acquisition of AAM India Manufacturing Corporation Private Limited (AAMIMCPL), a leader in axle manufacturing for commercial vehicles. This deal is poised to accelerate Bharat Forge’s growth trajectory, expanding its footprint in the highly […]
Paramount, the UAE-based global aerospace and technology leader, is expanding its development and manufacturing collaboration with Indian industrial powerhouse, Bharat Forge Ltd, and its subsidiary Kalyani Strategic Systems. The expansion aims to produce a wider variety of armoured vehicles in India to meet the demands of Paramount’s international clientele. Announced at the DSEI 2023 conference […]
Kalyani Strategic Systems Limited (KSSL), a premier defence subsidiary of Bharat Forge, has clinched two impressive export orders, amounting to €93.87 million (approximately Rs 850 crores). Slated for execution over the next 18 months, these contracts involve supplying armoured vehicle components and chassis to ally nations, pending requisite government greenlights. Kalyani Strategic Systems, established as […]
Bharat Forge has entered into a memorandum of understanding (MoU) with South Africa-based aerospace and technology company Paramount Group at Aero India 2023 in Bengaluru. The MoU is for developing and producing composite rotor blades, mission systems, and stores management systems for medium lift helicopters, said the Indian forging company. It was signed by Bharat […]
Bharat Forge said that its step-down subsidiary J S Auto Cast Foundry India has entered into a business transfer agreement to acquire an SEZ unit in SIPCOT, Erode from Indo Shell Mould Limited (ISML). The financial terms of the deal were not disclosed. The SEZ unit to be acquired has a capacity of 42,000 MTPA […]
Kalyani Powertrain, a wholly owned subsidiary of Indian automotive forging company Bharat Forge, is set to create a joint venture (JV) with Harbinger Motors, a US-based commercial electric vehicle (EV) company, to develop electric drivetrains for commercial trucks. Named as ElectroForge, the JV will utilize the strengths of the two companies in providing drivetrains for […]
Bharat Forge and its subsidiary BF Industrial Solutions have wrapped up the previously announced INR 489.63 crores acquisition of JS Auto Cast Foundry India. Founded in 2004, JS Auto Cast Foundry India is a ductile iron foundry that has been manufacturing raw and machined castings. The iron foundry is located in Kuppepalayam, Coimbatore. Recently, JS […]
Bharat Forge said that it has acquired an additional 366,451 shares of Tewa Motors (Jersey) to increase its stake in the latter to 39.71% at a price of £13.37 per share or £4.9 million in total. Previously, Bharat Forge had a stake of 34.45% in Jersey-based electric vehicle (EV) solutions provider for commercial vehicles. The […]
Bharat Forge said that its aerospace unit has secured the National Aerospace and Defense Contractors Accreditation Program (Nadcap) accreditation for metallic materials manufacturing. The Nadcap program aims to evaluate process capability for compliance to industry standards and customer needs. By getting the Nadcap accreditation, Bharat Forge said that it has shown compliance and set higher […]
Bharat Forge, a Pune-based forging company, is set to take full ownership of Kalyani Strategic Systems by acquiring the remaining 49% stake for INR 32.97 crores in cash. Kalyani Strategic Systems is engaged in developing and deploying defence electronics, systems development, and system integration for defence products and components. It is the holding company for […]