Bharat Forge Limited has successfully completed the acquisition of AAM India Manufacturing Private Limited for ₹746.46 crore, marking a significant expansion of its automotive product portfolio. The deal, originally announced in October 2024, received Competition Commission of India approval in April 2025.

The acquisition value includes ₹189.48 crore in cash reserves from AAM India's books, which will be utilized for future growth opportunities. The final equity value remains subject to net working capital adjustments as of June 30, 2025.

AAM India brings an established automotive component supply business serving major OEMs across traditional and new mobility technology segments. Bharat Forge stated the acquisition will enable them to complement their component offerings with comprehensive product solutions for domestic and global OEMs.