Ramkrishna Forgings to acquire 51% stake in EV startup Tsuyo

Kolkata-headquartered Ramkrishna Forgings Ltd is to acquire 51% voting rights of Delhi-based Tsuyo Manufacturing Pvt Ltd, a company engaged in powertrain solutions for electric vehicles (EVs). The investment and partnership will enhance the companies' product portfolio and expand facilities for the manufacture of motors, controllers, e-axles, and differentials. Ramkrishna Forgings plans to invest around INR 100 crore over the next five years.