Bharat Forge has announced that it will form a joint venture with KPIT Cummins Information Systems to jointly manufacture and sell the REVOLO hybrid technology system designed and developed by KPIT Cummins. According to the agreement, KPIT Cummins will authorize the joint venture established by both parties to produce REVOLO products, and Bharat Forge will provide its expertise in production, assembly and integration. The new joint venture company will sell to original equipment manufacturers, fleets and independent car users through distribution networks. REVOLO is a parallel hybrid system, which was tested by the Automotive Research Association of India (ARAI). The system can increase the fuel economy of a vehicle by 40% while reducing greenhouse gas emissions by 30%. Bharat Forge, a subsidiary of Kalyani Group, is the largest exporter of automotive parts in the Indian market. Its production plants are located in India, Europe, the United States and China, with the exception of passenger cars, commercial vehicles, tractors and diesel engines. In addition to the series of parts and components, it also provides special parts and components for various industries such as aerospace, power, energy, oil and gas, mining and construction equipment.
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