Bharat Forge Limited has obtained approval from the Competition Commission of India (CCI) for its proposed acquisition of AAM India Manufacturing Corporation Private Limited, as per a regulatory filing on April 23, 2025. This approval comes six months after Bharat Forge initially announced the signing of a Share Purchase Agreement on October 17, 2024, to acquire full ownership of AAM India. The transaction is still pending the fulfillment of other conditions outlined in the agreement.
In the filing, Tejaswini Chaudhari, Company Secretary and Compliance Officer at Bharat Forge, stated, “The Competition Commission of India has granted approval for the proposed acquisition through its letter dated April 22, 2024.” The company is awaiting the CCI’s detailed order.
Headquartered in Pune, Bharat Forge is a leading player in India’s forging and automotive component manufacturing sectors. The acquisition is expected to enhance its manufacturing capabilities and broaden its presence in the automotive supply chain.
AAM India Manufacturing Corporation, which produces automotive components, aligns closely with Bharat Forge’s core operations. This acquisition is a key part of Bharat Forge’s strategy to solidify its position in the highly competitive auto components market. Industry experts view this move as part of a wider consolidation trend in India’s automotive components sector, as companies seek greater scale and technological advancements to stay competitive in the global marketplace.
AAM India Manufacturing Corporation, a subsidiary of American Axle & Manufacturing (AAM), is a leading player in the automotive components industry, specializing in the design, engineering, and production of advanced driveline and drivetrain systems. With a strong manufacturing presence in India, the company serves both domestic and global automotive markets, supporting major OEMs with high-performance axle, driveshaft, and transmission components.
AAM India combines world-class engineering expertise with cutting-edge manufacturing technologies to deliver innovative, efficient, and durable solutions that meet the evolving demands of modern vehicles, including electric and hybrid platforms. Its commitment to quality, sustainability, and operational excellence positions it as a key contributor to the future of mobility.
Bharat Forge Limited (BFL), a multinational based in Pune, is a technology-driven leader in manufacturing high-performance, safety-critical components across various sectors, including automotive, power, oil and gas, construction, mining, rail, marine, defence, and aerospace. With manufacturing facilities in five countries, Bharat Forge boasts one of the world’s most extensive repositories of metallurgical expertise, offering comprehensive solutions from concept to design, engineering, manufacturing, testing, and validation.
