# Bharat Forge to acquire AAM India Manufacturing for ₹5,445 million

Bharat Forge Limited has signed a definitive agreement to acquire AAM India Manufacturing Corporation Private Limited, a subsidiary of American Axle and Manufacturing, for an enterprise value of ₹5,445.30 million. The acquisition includes the commercial vehicle axle business in Pune and Chennai, along with the Pune Engineering and Development Centre.

- Type: Acquisition
- Announced: 2024-10-18
- Where: Pune and Chennai, India
- Value: $65.0M (5.45B INR)
- Status: announced
- Products: axles for commercial trucks and buses
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [American Axle & Manufacturing Holdings, Inc.](https://endata.com/companies/16987.md) (partner)
- [Bharat Forge Limited](https://endata.com/companies/19597.md) (acquirer)
- [AAM India Manufacturing Corporation Private Limited](https://endata.com/companies/80506.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/bharat-forge-signs-definitive-agreement-to-acquire-aam-india-manufacturing-corporation-pvt-ltd/article68767748.ece), 2024-10-18: "AAMIMCPL’s acquisition, when completed, will be a significant milestone in our transformational journey of adding product solutions to our repertoire on the vehicle component side."

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