Why is Bharat Forge investing ₹105 crore in its EV subsidiary? Discover the strategy behind this bold move.
Bharat Forge to invest ₹105 crore in Kalyani Powertrain, securing 100% ownership of its EV-focused subsidiary.
This investment positions Bharat Forge to capitalize on the booming global EV market for long-term growth.
KPTL, established in 2020, focuses on electric mobility, reporting a ₹64.9 crore turnover in FY 2023-24.
Bharat Forge shares have surged 56.14% in the last year, closing at ₹1,617.50 on August 22, 2024.
The stock's strong performance shows growing investor confidence in Bharat Forge’s strategic moves in EVs.