Acquisitions20 Mar 2025, 08:36 pm
Bharat Forge to Acquire AAM India Manufacturing Corporation for Rs. 5,445.30 Million
AI Summary
Bharat Forge Limited has entered into a definitive agreement to acquire 100% shareholding in AAM India Manufacturing Corporation Private Limited (AAMIMCPL), a leading manufacturer of Axles for Light, Medium and Heavy Commercial Vehicles in India. The transaction is subject to approval from the Competition Commission of India (CCI) and will close only after receiving the CCI’s approval and upon fulfillment of other customary closing conditions. The acquisition will enable BFL to get into a new business for manufacturing of products and strengthen AAM’s focus on ICE, hybrid and full electric passenger vehicle, pickup truck/SUV, and van applications globally.
Key Highlights
- Bharat Forge to acquire AAM India Manufacturing Corporation Private Limited for Rs. 5,445.30 million
- AAMIMCPL is a leading manufacturer of axles for light, medium and heavy-duty commercial trucks and passenger buses in India
- Transaction subject to approval from the Competition Commission of India (CCI)
- Acquisition will enable BFL to get into a new business for manufacturing of products
- AAM to strengthen its focus on ICE, hybrid and full electric passenger vehicle, pickup truck/SUV, and van applications globally