 "Hybrid, connected vehicles are next growth areas for Bharat Forge")
Leading auto component maker Bharat Forge is looking to grow the business from emerging areas like electric, hybrid and connected vehicles. This will allow the Pune-headquartered company to expand the revenue from passenger vehicles beyond the current 10-12 per cent.
The component maker currently gets half of its revenue from commercial vehicles and another forty per cent from industrial buyers. “The automobile as we know today is going to change. Because of youth, India will adopt changes faster than many countries. We are doing a lot of work on hybrid and electric. We are looking at various options to grow
