Indian auto components manufacturer Ramkrishna Forgings plans INR 57.5 crore investment in a new electric vehicle-focused aluminum forging facility in Jamshedpur.

Ramkrishna Forgings, an Indian auto components manufacturer, plans to invest INR 57.5 crore in a new aluminium forging facility in Jamshedpur, targeting the electric vehicle market. With an annual capacity of 3,000 MT, the facility is set to launch by Q2 FY26 and aims to generate INR 175 crore in additional revenue. This initiative seeks to enhance vehicle performance and fuel efficiency while reducing environmental impact, supporting a shift towards sustainable transportation.

September 02, 2024
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