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Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion
The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more
Kalyani Strategic Systems acquires license for defence manufacturing
KSSL will produce these defence items at its Jejuri unit in Maharashtra.Read more
Budget FY25 Decoded!
With emphasis on infrastructure, skill development, MSMEs, and manufacturing, the FY25 budget aims to drive India’s manufacturing-led expansion and exports. However, there are some missed opportunities as well. SME deciphers the short and long term impact of the budget with industry experts.Read more
Bharat Forge Class-8 truck orders in North America fall to 14-month low
The defence-to-auto component-supplier Bharat Forge has presence in the class 8 trucks market in North America. Bharat Forge late last month had announced an additional investment of $40 million in Bharat Forge America.Read more
Bharat Forge signs MoU with Tamil Nadu govt to invest Rs 1,000 crore
The MoU is non-binding and at present does not have a material impact on operations of the company, it added.Read more
Bharat Forge clinches coveted CII Industrial Innovation Award 2023
Bharat Forge recognised for pioneering technological advancements across automotive and defence sectors.Read more
ForgeTech India fosters success with innovation, collaboration within forging industry
The Association of Indian Forging Industry (AIFI) successfully concluded ForgeTech India 2023, the country's premier forging industry conference and exhibition, on November 5, 2023. Read more
Tesla turns to Made In India parts, diversifies suppliers from China
Key players in this supply chain include Sona Comstar, the largest Indian supplier for Tesla, along with Graziano Trasmissioni India (a DANA group company), Tata AutoComp Systems, CISWW Engineering India, and Bharat Forge.Read more
AIFI to host ForgeTech 2023 in Pune for Indian forging industry
Baba Kalyani, MD, Bharat Forge, will be presenting the keynote address at the event, which will be organised by the Association of Indian Forging Industry (AIFI) from Nov 3-5, 2023.Read more
Indian auto component exports at risk amid UAW Strike in the US
Approximately one-third of India's automotive component exports are destined for North America, and this strike by thousands of UAW members, known as a 'stand-up strike,' is impacting the US auto majors.Read more