")}("position","absolute",["\/lib\/bootstrap\/dist\/css\/bootstrap.min.css"],"rel=\u0022stylesheet\u0022 ");
Published On: Friday, December 16, 2022 | By: Team KnowMyStock
(3 MWp) respectively.,” said the company in a filing.On December 14, Mahindra CIE's board reviewed the future plans of the Company’s German Forging Operations comprising CIE Forging Germany GmbH (CFG) and its subsidiaries and a proposal approved by the board of directors of CIE Galfor S.A. (Galfor), the immediate holding company of CFG.The company’s German forging operations supply forging parts primarily for the European truck industry. Galfor, a wholly owned subsidiary of the Company, also supplies forging parts to the light vehicles industry from its own plant and other subsidiaries in Europe.
The company said the light vehicles industry in Europe is seeing a rapid transition to Electric Vehicles (EVs) and the company is focused on managing this transition. The company also wants to benefit from the growth opportunities emerging in the Indian automotive industry.
Follow Us On: