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Ramkrishna Forgings Ltd to acquire up to 51% stake in TSUYO Manufacturing Private Limited

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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