Bharat Forge, a city-based defence-to-auto conglomerate announces it will continue its electric mobility journey through strategic investments and research. It also plans to pursue different market strategies across territories.
Bharat Forge has mainly concentrated its EV operations in Kalyani Powertrains, which also manufactures powertrains and converters. The company also qualifies under the advanced automotive technology category of the product-linked incentive scheme (PLI) by the union government.
Over the years, the company acquired companies in e-mobility, as well as the e2w manufacturer, Tork Motors. It also provided white-label manufacturing for the latter. Bharat Forge in India stated that the company’s initial focus would be on an electric two-wheeler as well as three-wheeler markets. However, it plans to expand its global reach and look at “lightweight” manufacturing, electronic control and product products for EVs.
“We have a three-pronged play on the e-Mobility market. The first is India – low voltage supply chain 2W-3W. We have also made significant investments in global light weighting opportunities. We anticipate large growth. This will begin in 2023-24 and continue until 2030. Third, we will be able to grow our business exponentially with the power and control electronics products being developed between India and Germany. A complete product line will be available with components, systems and subsystems for CVs weighing between 3 and 14 metric tons,” stated Amit Kalyani (deputy MD of BharatForge).