Limited has signed a Joint Venture (JV) contract with FAW Corporation,
China for its forging business. FAW is the largest automotive group
in China, with a leading position in both passenger car and commercial
vehicle sectors. With this JV Bharat Forge will become the largest
auto forging company in China.
This joint venture FAW Bharat Forge, China will address the fast
growing Chinese automotive market made up of local automotive manufacturers,
as well as the Chinese ventures of global OEM customers.