Bharat Forge Successfully Acquires AAM India Manufacturing to Strengthen Automotive Portfolio!

Bharat Forge Limited (BFL), a global leader in automotive manufacturing, has officially completed the acquisition of AAM India Manufacturing Private Limited (AAM India), marking a significant milestone in the company’s growth strategy within the automotive sector. This acquisition, announced initially on October 17, 2024, received regulatory approval from the Competition Commission of India (CCI) on April 22, 2025, clearing the way for Bharat Forge to consolidate its position as a key player in both traditional and emerging mobility technologies.

The acquisition is valued at Rs 7,464.6 million, which includes Rs 1,894.8 million in cash held by AAM India, available for future growth initiatives and expansion. The final equity value of the transaction is subject to adjustments based on the Net Working Capital as of June 30, 2025. This acquisition will help Bharat Forge tap into new technological advancements, diversify its product range, and enhance its capabilities to meet the evolving demands of the global automotive sector.

AAM India Manufacturing, a well-established name in the automotive sector, is known for producing advanced automotive components, serving both traditional internal combustion engine (ICE) vehicles and the rapidly emerging electric vehicle (EV) segment. The company has built a strong reputation for delivering high-quality products and solutions to a diverse set of Original Equipment Manufacturers (OEMs) both in India and internationally. AAM India’s specialization in precision manufacturing, along with its deep technical expertise, makes it a valuable addition to Bharat Forge’s expansive automotive portfolio.

With the automotive industry undergoing a major transformation driven by the shift towards electric mobility, the acquisition strengthens Bharat Forge’s ability to cater to both conventional automotive customers and emerging mobility technology players. The addition of AAM India’s manufacturing facilities and product portfolio enables Bharat Forge to diversify its operations and offer a wider array of products to OEMs involved in electric vehicles, autonomous driving technologies, and advanced powertrain systems. This acquisition not only enhances Bharat Forge’s position within the Indian automotive market but also provides a strategic foothold in international markets.

AAM India’s manufacturing capabilities span multiple product categories, including high-strength automotive components, precision-engineered parts, and specialized technologies that support the production of both ICE and electric vehicles. The company has focused its efforts on continuous innovation, sustainability, and meeting the evolving needs of the global automotive industry. Its expertise in manufacturing for hybrid and electric vehicle systems allows Bharat Forge to enhance its capabilities in the rapidly growing EV sector, which is expected to dominate the automotive market in the coming years.

Bharat Forge’s acquisition of AAM India is a key part of its long-term strategy to position itself as a diversified automotive and technology solutions provider. This acquisition not only strengthens Bharat Forge’s leadership in the automotive sector but also bolsters its product portfolio to meet the future needs of mobility solutions worldwide. As the automotive industry transitions towards alternative powertrains, electric vehicles, and autonomous systems, Bharat Forge is well-positioned to capitalize on these advancements through its expanded manufacturing and technological capabilities.

By incorporating AAM India’s technological expertise, Bharat Forge continues to pursue its vision of becoming a comprehensive provider of innovative solutions in the automotive space, with a commitment to sustainability and cutting-edge technology. The acquisition is expected to accelerate the company’s growth trajectory and its ability to deliver high-performance components to a broad range of global customers, strengthening its competitive edge in the fast-evolving automotive landscape.