Bharat Forge has entered into an investment agreement with Tevva Motor, Bharat Forge International, UK and existing shareholders of Tevva.

As per the agreement, Bharat Forge has acquired 34.53% and Bharat Forge International, UK, a wholly owned subsidiary of the company has acquired 0.73% stake in Tevva, aggregating to combined stake of 35.26%.

Moreover, Baba Kalyani, CMD of Bharat Forge stated, “This will also bring very focused and state-of-the-art EV powertrain solutions to our customers in India and worldwide. This investment coupled with the ongoing work at Tork Motorcycles will enable Bharat Forge to gain better understanding of the 2-wheeler and the commercial Vehicle EV space.”

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