Bharat Forge, Harbinger Motors form JV to develop electrified drivetrains

14 Sep 2022 , 09:23 AM

Bharat Forge Ltd.’s wholly owned subsidiary, Kalyani Powertrain Limited (KPTL), a key global provider of crucial chassis & powertrain components, has formed a joint venture with Harbinger Motors Inc. (Harbinger), a business that is transforming the medium-duty commercial electric vehicle sector, to develop electric drivetrain solutions for the commercial vehicle market.

The new joint venture, called ElectroForge, will use the capabilities of both partners to produce best-in-class drivetrains for the Class 3 through 8 sectors, offering higher efficiency and cost-effectiveness. The collaboration will properly blend Harbinger’s seasoned EV team’s forward-thinking innovation with Bharat Forge’s extensive product knowledge and scalability.

ElectroForge will begin operations in Pune, India, using cutting-edge technology to offer high-power, low-mass drivetrains with a revolutionary new architecture designed primarily for commercial vehicles’ durability and performance needs.

The joint venture will be Harbinger’s volume manufacturer of electric powertrains, using KPTL’s worldwide manufacturing experience in India, Europe, and North America would be used.

“The JV accelerates our efforts and expands our product range in Power Electronics and light weighing solutions for the EV market. This JV is completely consistent with our organisational mission of being PLANET-POSITIVE and decreasing our overall carbon footprint,” stated Amit Kalyani, Deputy Managing Director, Bharat Forge.

At around 9.27 AM, Bharat Forge was trading at Rs784.15 down by 0.3% from its previous closing of Rs786.50 on the BSE. The scrip opened at Rs777.10.

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