# 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.

- Type: Investment
- Announced: 2022-09-01
- Where: India
- Value: $3.13M (250.0M INR)
- Status: announced
- Products: alternators, DC motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [MM Forgings](https://endata.com/companies/65080.md)
- [Suvarchas Vidyut](https://endata.com/companies/65082.md) (investor)

## Sources

- [thehindu.com](https://www.thehindu.com/business/mm-forgings-forays-into-ev-space-to-invest-225-crore-in-5-years/article65836587.ece), 2022-09-01: "Regarding Suvarchas Vidyut, he said it entailed an investment of ₹25 crore over the next few years"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.