Bharat Forge writes down Tork Motors EV investment, forecasts FY27 growth

On 2026-05-07, Bharat Forge said it took a ₹450 crore impairment tied to its EV business and Tork Motors, signaling a reset in its electric mobility strategy. The company also said the write-down contributed to a quarterly loss while it projected FY27 growth driven by defence orders and aerospace momentum.