Ramkrishna Forgings signs MoU with US-based Co to develop EV powertrain components
Ramkrishna Forgings leading supplier of rolled, forged and machined products and Bharat Forge has signed a Memorandum of Understanding (MOU) with a US-based technology partner for the development of Electric vehicles Powertrain components for the Indian EV market.
The company said that this initiative marks the foray in a big way for both the companies into the EV market in India. As per the press release, the technology partner is a leading expert in magnetic engineering innovations. Their expertise lies in efficiency enhancement which bestows a superior hallmark over its peers in the various industries
they operate in.
Mr Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said “We at Ramkrishna Forgings believe in providing the best-in-class products and solutions to its customers. With a view to being the most preferred supplier to its customers, we continue to invest significantly in R&D and technologies over the years and exhibited international quality standards. Having a wide range of processing technologies allows Ramkrishna Forgings Limited to vastly expand its product offering in terms of complexities and designs, thereby acting as a one-stop destination for its customers. Both the organizations have congruent goals, and each strives to be at the forefront of the EV revolution happening in India,”
“The synergies between the organizations fit in exceedingly well. Superior technology has the potential to pave its way into the Indian EV Market riding on the back of a trusted manufacturing partner like Ramkrishna Forgings Limited. We expect the EV adoption pace to be faster in 2W / 3W as compared to Passenger Vehicles and have aligned our EV strategy with this hypothesis. This association sees significant potential to accelerate the Electrification of the Indian automotive market.”
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