Ramkrishna Forgings to supply power train components to US’ largest EV producer_Ramkrishna Forgings to supply power train components to US' largest EV producer

Ramkrishna Forgings to supply power train components to US’ largest EV producer

June 2, 2024

Ramkrishna Forgings In a filing with the stock exchanges on Thursday, the company signed a contract to supply assembly components to the US.

With this contract, the company is entering the US electric vehicle market for the first time. The statement said, "This landmark approval marks the company's position in the electric passenger vehicle segment, particularly in the area of power assembly components."

Ramkrishna Forgings Headquartered in Kolkata, Ramkrishna Forgings is a manufacturer and supplier of closed forgings. Carbon & Alloy Steel, Micro Alloy Steel, Stainless Steel Forgings.

As of 10.25 a.m., the company's shares were up more than 3% when the news was announced. At that time, the benchmark index was stagnant.

"This partnership reflects our continued commitment to innovation and our ability to meet the needs of the electric vehicle industry.400 In our expertise and understanding of forging development and production, we take great pride in providing our customers with products that help them save money. said Ramkrishna Forgings Milesh Gandhi:

"Through continuous innovation, we are committed to creating value for our customers and contributing to the development of sustainable transportation globally."

Earlier this week, the company said it had secured orders worth Rs 27 crore from a BHEL-led consortium is vande Bharat train sets to supply bogies.

The company also has operations in Mexico, Turkey and Belgium.

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