Bharat Forge acquires AAM India for ₹746.46 Cr

Pune, July 2, 2025 – Bharat Forge Limited (NSE: BHARATFORG, BSE: 500493) announced the successful acquisition of AAM India Manufacturing Private Limited at an equity value of ₹746.46 crore. This 100% acquisition of AAM India boosts Bharat Forge’s axle manufacturing segment and strengthens its position in both commercial and EV axle markets.

The deal, first announced on October 17, 2024, received approval from the Competition Commission of India (CCI) on April 22, 2025. As of June 30, 2025, the final equity value remains subject to adjustments for net working capital. The acquired company had ₹189.48 crore in cash on its books, which will be earmarked to fuel future growth.

This acquisition is a strategic fit for the company’s core business as it will result in an enhanced OEM offering portfolio and expanded geographic footprint, supporting diversification and deeper integration with key CV and EV OEMs.

Bharat Forge’s share closed at ₹1313.10, up by 2.25% from the previous day’s closing price.

Transaction Snapshot

Strategic Significance

The acquisition enhances Bharat Forge’s footprint in the automotive components space, particularly in catering to both traditional and New Mobility technologies. AAM India is a well-recognised supplier to major Original Equipment Manufacturers (OEMs), and its portfolio complements Bharat Forge’s existing capabilities.

Bharat Forge stated, “This acquisition will enable us to complement our component offerings with product solutions to OEMs in India and globally.”

About Bharat Forge

Bharat Forge Ltd., headquartered in Pune, is a global technology-driven leader in high-performance, safety-critical components and solutions across various sectors, including automotive, power, oil and gas, construction, mining, rail, marine, defence, and aerospace. With 18 manufacturing locations across five countries, BFL maintains the largest repository of metallurgical knowledge and offers end-to-end solutions, spanning from concept to validation.

The acquisition aligns with the company’s strategy to expand its presence in the global automotive value chain and cater to the evolving mobility landscape.

For more information, visit: www.bharatforge.com.

REF: https://nsearchives.nseindia.com/corporate/ANILSHINDE_02072025142111_SEIntimationPressRelease.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations