Ramkrishna forgings to acquire 51% stake in EV startup TSUYO manufacturing
Image Credit: Inc42
The board of Ramkrishna Forgings Ltd, a Kolkata-based supplier of rolled, forged, and machined products, has approved acquisition of up to 51% stake in TSUYO Manufacturing Private Limited, an Indian startup that manufactures powertrain solutions for EVs. Ramkrishna Forgings plans to invest around INR 100 Cr over the next five years, which is expected to generate a turnover of around INR 500 Cr by the end of the fifth year, the company said