AAM Announces Sale of Commercial Vehicle Axle Business in India
American Axle & Manufacturing Holdings has sold this business to Bharat Forge Limited, for a purchase price of $65 million.
American Axle to Sell Commercial Vehicle Axle Business in India for $65M
American Axle & Manufacturing Holdings Inc. in Detroit announced today it intends to sell its commercial vehicle axle business and related assets in India to Bharat Forge Ltd. (BFL) for $65 million.
American Axle sells assets in India to Bharat Forge
AAM is focusing its growth on combustion, hybrid and fully electric passenger vehicles, divesting its commercial axle business in India.
Bharat Forge to acquire AAM India for Rs 545 crore
Pune: Bharat Forge, India’s largest auto Components exporter, on Thursday said it was entering into a definitive agreement to acquire AAM India Manufacturing Corporation for Rs 544.53
Bharat Forge to acquire axle maker AAM India for Rs 544.5 crore
Kalyani emphasised that this move aligns with Bharat Forge's broader strategy to diversify its offerings in vehicle components and enter a new product segment
Bharat Forge to acquire AAM India Manufacturing Corporation for ₹544 crore
Post this transaction, Bharat Forge will acquire the commercial vehicle axle business of AAM India in Pune and Chennai, along with the Pune Engineering and Development Center.
American Axle to Sell India Commercial-Vehicle Axle Business to Bharat Forge
American Axle & Manufacturing Holdings has struck a deal to sell its commercial-vehicle axle business and related assets in India to Bharat Forge for $65 million. American Axle on Thursday said the business,
American Axle To Sell AAM India Manufacturing To Bharat Forge For $65 Mln
Thursday announced a definitive agreement to sell its AAM India Manufacturing Corp. Pvt., Ltd., the commercial vehicle axle business and related assets in India to Bharat Forge Ltd. for $65 million. The global Tier 1 automotive and mobility supplier said the sale includes AAM's manufacturing facilities in Pune and Chennai,
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