Bharat Forge Ltd. reportedly plans
to sell its Bharat Forge America (Lansing, Mich.) unit after writing off most of
its investment in the business. Bharat Forge America, a supplier of forged
chassis and engine components, has been a drain on the finances of the Indian
auto-parts maker as a result of the troubles experienced by the U.S. automotive
industry in recent years. The parent company expects to raise $4.5-$5.4 million
on the sale of the asset, only a fraction of its initial investment. Bharat
Forge has already started discussions with potential buyers and expects to sell
the unit during this current fiscal year, which started April
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Check out the April 2021 issue of FORGE, featuring our cover story on the "Ovako's Vacuum Degassing Process Improves Forging-Steel Grades", "Back to the Future: Revisiting AM Predictions from 2012", "Viral Marketing during COVID-19", and much more.