M&A

Shriram Pistons to acquire majority stake in EMF Innovations to foray into EV space

MyBigPlunge  

Auto component maker Shriram Pistons & Rings Ltd (SPRL) is to acquire a majority stake in electric motor design and manufacturing firm EMF Innovations to foray into the electric vehicle mobility space. EMF Innovations (EMFI) is co-founded by engineering entrepreneurs with R&D and operations in India and Singapore.

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