Bharat Forge, an auto forged components manufacturer, is set to enter the electric vehicle (EV) space with two-wheelers and three-wheelers in FY22, a top company official said.
The launch, scheduled for the second half of the year, will further highlight how companies are rushing to tap the upcoming and burgeoning EV segment. Tork Motors, an associate company, has met the subsidy requirements specified for Phase 2 of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II), said Amit Kalyani, deputy managing director of Bharat Forge. The stock was trading at Rs 811.70, up Rs 0.70, or 0.09 percent.
News source:- Moneycontrol