Automotive and non-automotive components manufacturer Bharat Forge on Monday, through its wholly-owned subsidiary Bharat Forge Infrastructure Ventures Ltd. (BFIVL), signed a shareholders' agreement with David Brown Systems India (Holdings), part of the David Brown Group, a global manufacturer of gearing products and services, to form a 50:50 joint venture company David Brown Bharat Forge Gear Systems.
It will serve the domestic heavy engineering industry, supplying new build gearboxes and comprehensive aftermarket services.
Initially, the joint venture company is intended to be operational from Bharat Forge's current facilities.
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