+
Bharat Forge Gets CCI Nod to Acquire AAM India's Axle Unit
ECONOMY & POLICY

Bharat Forge Gets CCI Nod to Acquire AAM India's Axle Unit

Bharat Forge Ltd (BFL) has received approval from the Competition Commission of India to acquire 100% of equity shares of AAM India Manufacturing Corporation Private Ltd (AAMCPL).

BFL manufactures and supplies metal forging products and services to various sectors such as automotive, railways, defence, construction, mining, aerospace, marine, and oil & gas both domestically and globally. AAMCPL is a company involved in manufacturing and selling axles for commercial vehicles in India.

The proposed combination is an acquisition of 100% equity shareholding of the AAMCPL by BFL. AAMCPL has to complete certain requirements before the acquisition takes place: 1) It must split off its Pune business office and components business division and transfer them to one or more affiliated companies that are part of the same parent group (AAM Holdco) but are not AAMCPL.

2) Transfer e-axle assembly lines that are currently housed in AAM Auto Component (India) Private Limited to BFL.

The Commission approved the proposed combination subject to compliance of voluntarily modifications offered by the Parties. A detailed order of the Commission will follow.

Bharat Forge Ltd (BFL) has received approval from the Competition Commission of India to acquire 100% of equity shares of AAM India Manufacturing Corporation Private Ltd (AAMCPL). BFL manufactures and supplies metal forging products and services to various sectors such as automotive, railways, defence, construction, mining, aerospace, marine, and oil & gas both domestically and globally. AAMCPL is a company involved in manufacturing and selling axles for commercial vehicles in India. The proposed combination is an acquisition of 100% equity shareholding of the AAMCPL by BFL. AAMCPL has to complete certain requirements before the acquisition takes place: 1) It must split off its Pune business office and components business division and transfer them to one or more affiliated companies that are part of the same parent group (AAM Holdco) but are not AAMCPL. 2) Transfer e-axle assembly lines that are currently housed in AAM Auto Component (India) Private Limited to BFL. The Commission approved the proposed combination subject to compliance of voluntarily modifications offered by the Parties. A detailed order of the Commission will follow.

Next Story
Infrastructure Urban

Companies in GIFT City IFSC Cross 400 Mark

As of July 31, 2025, a total of 409 companies are operating in the Gujarat International Finance Tec City – International Financial Services Centre (GIFT IFSC), Finance Minister Nirmala Sitharaman informed Parliament.In a written reply in the Lok Sabha, she highlighted that the number of firms in GIFT IFSC has grown nearly fivefold in less than five years — from 82 on October 1, 2020, to 409 by July 2025.The centre now hosts a wide range of entities, including those in banking, asset management, and allied services, alongside other financial segments.To support GIFT IFSC’s growth, the go..

Next Story
Infrastructure Urban

GMDA to Prepare Fresh DPR for Naurangpur Sewage Treatment Plant

The Gurugram Metropolitan Development Authority (GMDA) will prepare a fresh detailed project report (DPR) for the proposed 40 million litres per day (MLD) sewage treatment plant (STP) at Naurangpur. The move comes after it was found that a high-tension power line and a 24-metre-wide road pass through the site allocated for the project, requiring a revised plan.According to officials, the original 3.65-acre land parcel transferred from the Municipal Corporation of Manesar (MCM) was reduced to 2.89 acres following the road development. The presence of the power line further divided the land into..

Next Story
Infrastructure Transport

PM Inaugurates Bihar Highway and New Ganga Bridge

Prime Minister Narendra Modi will inaugurate a key highway project on Friday, connecting Aunta (Mokama) and Simaria (Begusarai), featuring a newly built 1.865-km bridge across the Ganga.The project establishes direct road connectivity between Mokama in Patna district and Begusarai. The bridge has been constructed parallel to the old two-lane rail-cum-road Rajendra Setu, which is currently under repair and restricts heavy vehicle movement.The new bridge will allow heavy vehicles to avoid a detour of nearly 100 km while travelling between north Bihar districts such as Begusarai, Supaul, Madhuban..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?