Bharat Forge acquires stake in UK-based EV powertrain solutions company Tevva Motors
Indian company also gets license for commercialization of Tevva technology in India
India-based auto parts supplier Bharat Forge has invested GBP10 million (USD13.4 billion) in UK-based Tevva Motors, the company announced in a press release on 12 June. Established over four years ago, Tevva specializes in electric powertrain solutions for commercial vehicles and buses in the 7.5 to 14 tons weight category. These vehicles manage use of range extender by utilizing Tevva’s software and predictive range extender management systems to ensure that only electric drive is used in low carbon zones.
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