Electric mobility represents a large global opportunity with the segment gathering pace over the next few years, according to auto component major Bharat Forge. The company has also set up a research and development (R&D) centre on its own, he added. "This (electric mobility) represents a large and growing global opportunity... Over the last couple of years, we have worked on this segment by putting together building blocks at the component, system and technology levels. This makes India an attractive destination given its low-cost advantage; and Bharat Forge, a prospective partner given our proven capabilities and quality focus," Kalyani said. A part of the Kalyani Group, a USD 3-billion conglomerate with 10,000 global work force, Bharat Forge has presence across various sectors like automotive, railways, aerospace, marine, oil and gas, power, construction and mining.

Source: dna July 18, 2019 11:15 UTC