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 1.