MM Forgings sets up subsidiary Suvarchas Vidyut with ₹25 crore investment

MM Forgings announced the setting up of subsidiary Suvarchas Vidyut Pvt. Ltd. with an authorized share capital of ₹5 crore and an investment of ₹25 crore over the next few years to produce conventional alternators and DC motors for non-auto EV applications.

“Regarding Suvarchas Vidyut, he said it entailed an investment of ₹25 crore over the next few years”thehindu.com

• 1 source
• thehindu.comMM Forgings forays into EV space, to invest ₹225 crore in 5 years - The HinduN. AnandSep 1, 2022

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