Bharat Forge picks strategic stake in UK’s Tevva Motors

Auto components major B ha rat Forge on Tuesday said it had picked up a strategic stake in UK-based Tevva Motors, a provider of electric power train solutions for commercial vehicles, for ^10 million (~903 million ). By virtue of this investment, B ha rat Forge has also acquired a license for commercial is at ion of the T ev va technology within India and for strengthening its research and development activities in the e-mobility space, thecompany said in a regulatory filing.