Ramkrishna Forgings Ltd, a Kolkata-based supplier of rolled, forged, and machined products, to acquire up to 51% stake in TSUYO Manufacturing Private Limited, an Indian startup that manufactures powertrain solutions for electric vehicles (EVs).
TSUYO Manufacturing, which was registered as an MSME in 2020, is a ‘Make In India’ recognised startup that specialises in developing powertrain products for EVs of all types. TSUYO will benefit from the proposed investment by expanding its product portfolio and expanding its manufacturing facilities for motors, controllers, e-axles, and differentials.
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Ramkrishna Forgings Ltd, a Kolkata-based supplier of rolled, forged, and machined products, to acquire up to 51% stake in TSUYO Manufacturing Private Limited, an Indian startup that manufactures powertrain solutions for electric vehicles (EVs).
TSUYO Manufacturing, which was registered as an MSME in 2020, is a ‘Make In India’ recognised startup that specialises in developing powertrain products for EVs of all types. TSUYO will benefit from the proposed investment by expanding its product portfolio and expanding its manufacturing facilities for motors, controllers, e-axles, and differentials.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
