MM Forgings

Activity by year

20222023202420252026

AcquisitionInvestmentNew facilityExpansion

Feb 23, 2023EXPANSIONOragadam, Tamil Nadu, India$9.70Mops Sep 2023
MM Forgings subsidiary to set up EV prototype motor plant in Oragadam
A subsidiary of MM Forgings Ltd. is setting up a brownfield plant in Oragadam to produce 60,000 EV prototype motors per annum. The initial investment is approximately INR 80 crore, with commercial production expected to start in September 2023.
MM Forgings Abhinava Rizel #Automotive Components autoevtimes.com
Sep 1, 2022INVESTMENTIndia$3.13M
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.
MM Forgings Suvarchas Vidyut investor #Automotive Components thehindu.com
Sep 1, 2022NEW FACILITYOragadam, India$25.0M
MM Forgings to invest ₹200 crore in new EV motor plant in Oragadam
MM Forgings will invest ₹200 crore in a new plant in Oragadam to make traction motors for EVs and auxiliary motors for heavy vehicles.
MM Forgings #Automotive Components thehindu.com
Sep 1, 2022ACQUISITIONChennai, India
MM Forgings acquires 88% stake in Abhinava Rizel
MM Forgings Ltd. announced the acquisition of an 88% stake in EV powertrain startup Abhinava Rizel Pvt. Ltd. for an undisclosed sum.
MM Forgings acquirer Abhinava Rizel target #Automotive Components thehindu.com

Site	Largest	Latest
Oragadam, India	$25.0M	2023-02-23
India	$3.13M	2022-09-01

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