Bharat Forge sells 50% stake in Impact Automotive Solutions
"The stake was sold by the company to the other JV partner KPIT Technologies for Rs 10.80 crore against an initial investment of Rs 14.91 crore," the statement said.
Impact Automotive Solutions Ltd is a fully owned subsidiary of KPIT Technologies Ltd. The company is an integration and end of line testing facility exclusively for enabling product realization. KPIT leverages the state of art facility for assembly of Hybrid Electric Systems & on Bus ITS. The company was established in the year 2012 and is an ISO certified facility with a total area coverage of 30,000 sq. ft. that follows and practices TS16949 standards. They also follow a particular policy and are committed to supply superior quality products and services to their customers. The company works on the following criteria: defect prevention, innovation, reduction in non- value added practices, environment friendly projects, continuous improvement and total employee involvement. The company has their headquarters in Pune. They are currently developing a hybrid solution for everyone i.e. Revolo. It is a plug-in, parallel hybrid solution that helps transform vehicles, allowing the motor & engine to work flawlessly for a completely fuel efficient automobile. Their innovation includes a clever battery management system, proprietary software and mechanical assembly.
|Name||DIN||Designation||Date of joining|
|Pushpahas Dilip Joshi||Unlock to View||Unlock to View||Director||20 Mar,2018|
|Satishchandra Balkrishna Ogale||Unlock to View||Unlock to View||Director||06 Nov,2015|
|Lila Firoz Poonawalla||Unlock to View||Unlock to View||Director||27 Apr,2015|
|Chinmay Shashishekhar Pandit||Unlock to View||Unlock to View||Director||26 Feb,2015|
|Adi Jehangir Engineer||Unlock to View||Unlock to View||Director||19 Feb,2015|
|Kishor Parshuram Patil||Unlock to View||Unlock to View||Director||25 Aug,2010|
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