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Bharat Forge sets up E- Mobility Research & Development Centre in UK

Posted On: 2018-01-17 19:08:37

Bharat Forge - India's largest exporter of auto components has opened a Research & Development facility in UK, in MIRA Technology Park, the UK's leading automotive technology park and Enterprise Zone, where it will be developing components & sub-systems focused on Electric Vehicles.

This facility will complement the capabilities & knowledge established over the past 2 years in Kalyani Centre for Technology & Innovation (KCTI) & Kalyani Centre for Manufacturing Innovation (KCMI) in Pune focused on delivering solutions for Electric Vehicles.

The Electric Mobility Research and Development Centre will be able to tap into the extensive testing facilities at MIRA Technology Park as well as the pool of engineering talents in the Midlands.

Commenting on the new research facility, Mr. Amit Kalyani, Executive Director said "We are really impressed with the infrastructure and the facilities available in MIRA Technology Park and have set up a research facility focused on R&D for powertrain solutions for Electric Vehicles".

"Several large global OEM's and Tier 1 companies are already present at MIRA technology Park for development & testing of vehicles and systems in the EV space. The infrastructure and knowledge available would only help hasten the development for BFL and reduce our time to entry in this very important market space."

Terry Spall, Commercial Director at MIRA Technology Park, said: "We're really pleased to welcome Bharat Forge to MIRA Technology Park. This growing number of globally-recognised automotive businesses is testament to the benefit of working in a technology cluster, with access to extensive facilities and the ability for our tenants to engage with many of the world's global OEMs right on their doorstep."

Shares of BHARAT FORGE LTD. was last trading in BSE at Rs.734.95 as compared to the previous close of Rs. 715.7. The total number of shares traded during the day was 88024 in over 2065 trades.

The stock hit an intraday high of Rs. 738 and intraday low of 701.7. The net turnover during the day was Rs. 63909576.

Source: Equity Bulls

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