Following its announcement on October 17, 2024, and with the approval from the Competition Commission of India (CCI) on April 22, 2025, Bharat Forge Limited (BFL) has successfully acquired AAM India Manufacturing Private Limited (AAM India). The transaction was valued at Rs 7,464.6 million, which includes Rs 1,894.8 million in cash held by the acquired entity, available for future growth initiatives. The final equity value may be adjusted based on Net Working Capital as of June 30, 2025.
This acquisition strengthens Bharat Forge’s position in the automotive sector, particularly in supplying products to both traditional and emerging mobility technology OEMs. It broadens the company’s portfolio of solutions for Indian and global OEMs.
AAM India Manufacturing Private Limited (AAM India) is a prominent player in the automotive sector, specialising in the production of advanced automotive components for both traditional and new mobility technologies. The company has earned a strong reputation for delivering high-quality products to a wide range of original equipment manufacturers (OEMs) across India and internationally.
AAM India’s manufacturing capabilities span multiple product categories, and its focus on innovation and precision has made it a trusted partner for leading automotive brands. With a commitment to sustainability and cutting-edge technology, AAM India is well-positioned to support the evolving needs of the global automotive industry, particularly as it shifts towards electric and alternative powertrain solutions.
Bharat Forge Limited, headquartered in Pune, is a leading Indian multinational at the forefront of technology-driven manufacturing. The company specialises in high-performance, safety-critical components and solutions across various industries, including automotive, power, oil and gas, construction, mining, rail, marine, defence, and aerospace. With 18 manufacturing facilities across five countries, Bharat Forge boasts one of the largest metallurgical knowledge repositories in the world, offering comprehensive services—from design and engineering to manufacturing, testing, and validation—catering to its global clientele.
