Bharat Forge Aims to Double Revenue in 3 Years on Defence, Auto Growth

Pune-based auto component major Bharat Forge is aiming to double its consolidated revenue to around $3.2 billion in the next 3-4 years, said analysts from InCred Equities after an interaction with the company management. The auto and engineering parts manufacturer is banking on strong growth prospects in the defence and aerospace sectors and with a […]

COVID second-wave impact temporary: Bharat Forge

Baba Kalyani, chairman and managing director of India’s largest forging and metal components manufacturer Bharat Forge, today expressed the opinion that the current economic setback on account of the second wave of COVID-19 is of a temporary nature. “The lock down in India to curtail the spread of Covid has clearly had an impact on […]

Bharat Forge invests in Eternus Performance Materials

Pune-headquartered multinational company Bharat Forge said it acquired a 51% stake in Kolhapur-based metallic products manufacturing company Eternus Performance Materials for Rs 37.45 lakhs. Eternus had a turnover of Rs 1.16 crore for the financial year 2017-18. Eternus is in the business of high-end research and development oriented manufacturing of advanced composite products and precision […]

Bharat Forge acquires stake in Pune-based Tork Motorcycles

Auto components maker Bharat Forge Ltd said it was buying a 45% stake in Tork Motorcycles at a cost of up to Rs 30 cr, taking yet another step towards adapting to the upcoming shift from internal combustion engines to electric vehicles. Tork has designed, developed and built a complete electric motorcycle, the company said. […]

Bharat Forge opens electric vehicle R&D center in the UK

Bharat Forge, India’s largest exporter of auto components, said it opened a research and development facility at MIRA Technology Park in the UK to design powertrain solutions for Electric Vehicles. The powertrain refers to components such as the transmission that converts the engine’s power into movement. So far, much of the research on EVs were […]