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8
February 2018
 |
Bharat
Forge Ltd (The Total Investment & Insurance
Solutions)
Bharat
Forge Ltd., India's largest exporter of auto components , has announced
strategic investment of upto Rs30cr for eventual stake of 45% in an EV startup,
Tork Motorcycles. The Total Investment & Insurance
Solutions
Bharat Forge is making a strategic investment in Tork Motorcycles as a part of its overall E-Mobility powertrain development. Tork's strength lies in its in-house team that has designed, developed and built the complete electric motorcycle. Their knowledge in the overall EV powertrain development will help Bharat Forge gain access to technologies in personal E-mobility space.
Amit Kalyani, Executive Director, Bharat Forge said, "Together with the recent investment in the R & D setup at Mira, UK, Bharat Forge is strategically aligning to develop solutions across the entire spectrum from low voltage powertrains in personal mobility to high voltage applications for commercial vehicles".
"BFL is well prepared for the increased penetration of Electric vehicles globally through offering solution son Light Weighting, components for drivetrain and creating supply chain capabilities for electric powertrain."
"This strategic investment will enable BFL to develop components/ sub systems to address the huge potential in the Indian personal mobility space driven by regulatory push through various initiatives and the increasing economic viability of Electric Vehicles."
Bharat Forge has manufacturing facilities spread across India, Germany, Sweden, France and North America. Commercial vehicle segment contributed 45%, industrial segment 47% and passenger vehicle segment 8% to segmental revenues of H2FY18. Geography wise India formed 45%, Americas formed 37%, Europe formed 15% and Asia Pacific formed 3% of H1FY18 revenues.
BFL, through a slew of measures including light weighting of components, new product development focused on entire powertrain and emission solution is well primed to capture the opportunities arising from the technological upgradation required to meet the emission norm applicable from 2020. We expect the margins to improve by 294bps over FY17-20E on the back of better product mix, and rising productivityThe Total Investment & Insurance Solutions
Bharat Forge is making a strategic investment in Tork Motorcycles as a part of its overall E-Mobility powertrain development. Tork's strength lies in its in-house team that has designed, developed and built the complete electric motorcycle. Their knowledge in the overall EV powertrain development will help Bharat Forge gain access to technologies in personal E-mobility space.
Amit Kalyani, Executive Director, Bharat Forge said, "Together with the recent investment in the R & D setup at Mira, UK, Bharat Forge is strategically aligning to develop solutions across the entire spectrum from low voltage powertrains in personal mobility to high voltage applications for commercial vehicles".
"BFL is well prepared for the increased penetration of Electric vehicles globally through offering solution son Light Weighting, components for drivetrain and creating supply chain capabilities for electric powertrain."
"This strategic investment will enable BFL to develop components/ sub systems to address the huge potential in the Indian personal mobility space driven by regulatory push through various initiatives and the increasing economic viability of Electric Vehicles."
Bharat Forge has manufacturing facilities spread across India, Germany, Sweden, France and North America. Commercial vehicle segment contributed 45%, industrial segment 47% and passenger vehicle segment 8% to segmental revenues of H2FY18. Geography wise India formed 45%, Americas formed 37%, Europe formed 15% and Asia Pacific formed 3% of H1FY18 revenues.
BFL, through a slew of measures including light weighting of components, new product development focused on entire powertrain and emission solution is well primed to capture the opportunities arising from the technological upgradation required to meet the emission norm applicable from 2020. We expect the margins to improve by 294bps over FY17-20E on the back of better product mix, and rising productivityThe Total Investment & Insurance Solutions
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