Bharat Forge wins CII Industrial Innovation Award 2023
The company has been recognised for its technological advancements across automotive and defence sectors.
By Autocar Professional Bureau
3099 Views
Bharat Forge Ltd., a Pune-based multinational conglomerate has won the Industrial Innovation Award 2023 by the Confederation of Indian Industry (CII).
It has recognised for its technological advancements across automotive and defence sectors.
The country's largest forging company has lined up capex of Rs 1,000 crore for 2.5 years. In the defence business (under artillery systems), the company is ready with protected vehicles, armored vehicles, unmanned vehicles, and ammunition. Additionally, it is iming to start in-house production of various other components such as traction motors, high-voltage DC-DC converters, controllers, and inverters.
In the electric-mobility space, apart from focusing on electric two-wheelers through Tork, the Pune-based company is also looking towards retro-fitment kit business in the commercial vehicle sector, which means converting diesel trucks of 8-13 tons gross vehicle weight capacity into electric trucks. Bharat Forge is also investing close to Rs 150 crore in setting up this new entity in Pune, called Kalyani Powertrain (KPTL).
RELATED ARTICLES
Volkswagen India Launches Annual Autofest Exchange Program
Shruti Shiraguppi
02 Jul 2025
National Exchange Carnival offers upgrade opportunities with exclusive service benefits and finance options at dealershi...
Cooper Corporation and Sinfonia Technology Launch India’s First CPCB IV+ Certified 10 kVA LPG Genset
Sarthak Mahajan
02 Jul 2025
The new LPG genset, jointly developed and marketed, offers a cleaner alternative to diesel units, complying with CPCB IV...
Car Makers Struggle as Two-Wheeler Exports Drive Growth in June: Report
Arunima Pal
02 Jul 2025
Car sales fell 8% in June 2025 due to weak domestic demand and seasonal factors, with most major manufacturers reporting...
