Hybrid, connected vehicles to drive Bharat Forge growth

It gets half of its revenue from commercial vehicles and another 40% from industrial buyers

Leading automobile component maker Bharat Forge is looking at growing business from emerging areas like electric, hybrid and connected vehicles. This will allow the Pune-headquartered company to expand the revenue share from passenger vehicles (PV) beyond the current 10-12 per cent.

The component maker currently gets half of its revenue from commercial vehicles and another 40 per cent from industrial buyers. “The automobile as we know today is going to change. Because of youth, India will adopt change faster than many countries. We are doing a lot of work on hybrid and electric. We’re looking at various options to grow