Kalyani Powertrain Exits Refu Drive Joint Venture

, a subsidiary of Bharat Forge, has divested its 50% stake in Refu Drive to its joint venture partner, Refu Elektronik, resulting in the dissolution of the partnership. The transaction marks Kalyani Powertrain’s complete exit from the Refu Drive joint venture and transfers full ownership of the business to Refu Elektronik. The development reflects a change in Kalyani Powertrain’s portfolio and strategic business interests. Investors will monitor the move for any potential impact on Bharat Forge’s broader automotive and electric mobility operations, particularly as the group continues to operate across advanced automotive technologies and powertrain solutions. The stake divestment brings the existing partnership to a formal close.