KPTL's Rs 500 Crore Investment Drives EV Innovation

Kalyani Powertrain (KPTL), the electric mobility subsidiary of Bharat Forge, is allocating a capital expenditure of up to Rs 500 crore for the fiscal year 2025. The company is planning to allocate Rs 300-500 crore for capital expenditures, covering maintenance and various projects in the upcoming financial year.

Bharat Forge operates in five verticals, including three major segments such as the component business, industrial and defense sectors. Additionally, the company has a presence in electric vehicles (EVs) and aerospace. KPTL is currently focused on the conversion of internal combustion engine (ICE) vehicles to electric vehicles (EVs) through its repowering business. This initiative aims to retrofit existing diesel-powered commercial vehicles with electric drivelines in Pune.

Over the past five to six years, Bharat Forge has invested approximately Rs 300 crore in various companies and has actively participated in developing intellectual property (IP) within India.

News by Rahul Yelligetti