Pune, India headquartered auto components maker Bharat Forge will invest $55 million in setting up an aluminum forging facility in Tennessee. The unit will will commence production in 2020 and will cater to the North American car market. To improve the financial strength of its international operations, the company's emphasis...
India's Bharat Forge Acquires Walker Forge Tennessee
Auto components major Bharat Forge, based in Pune, and part of the Kalyani Group in India, will buy U.S.-based Walker Forge Tennessee LLC for $14 million. The proposed acquisition is aimed to increase the company's product offering in its automotive segments as well its industrial sectors such as construction and...