Auto components major Bharat Forge has formed a joint venture with Germany’s Refu Electronik GmbH for development and manufacture of electric vehicle components with an investment of 11.35 million euros (about Rs 89 crore). The new venture will develop and manufacture all kinds of auxiliary applications, related power electronics and battery management systems for all quality of e-mobility vehicles such as hybrid and electric 2-wheelers, 3-wheelers, cars and commercial vehicles.

(Business Standard)