Pune: Bharat Forge has said that it will invest Rs 105 crore in its subsidiary Kalyani Powertrain Ltd (KPTL). The investment is expected to close by September. The arm is focused on electric vehicle (EV) and e-mobility solutions.
The proposed investment will be used for strategic initiatives to house all the e-mobility initiatives of the company. The arm has a stake in Pune-based EV maker Tork Motors. Kalyani Powertrain has a turnover of Rs 65 crore in FY24 compared to Rs 16 crore a year ago.
TNN We also published the following articles recently ER&D GCCs: Powertrains of innovation In FY23, Indian Engineering and R&D (ER&D) Global Capability Centers (GCCs) contributed $25.6 billion of the overall $46 billion GCC revenue. With over 1,000 centers in diverse sectors, these hubs spur innovation through collaborations with academic institutions and by spawning entrepreneurs.
Key focus areas include ownership of product development, deeptech support, and partnerships with higher education institutions. Foxconn invests Rs 1,200 crore in Karnataka manufacturing unit Foxconn invested around Rs 1,200 crore in its Indian subsidiary in Karnataka through its Singapore-based arm. The investment, made on August 21, will support a large manufacturing plant planned near Dodda Ballapur, creating 40,000 jobs.
Foxconn's chairman highlighted the unit would become the company's second-largest plant after the one in China. BPCL plans to invest Rs 1.7 lakh crore for expansion State-owned Bharat Petr.