Archive · 7 Aug 2025
CCI Orders Detailed Probe into Bharat Forge's AAM Acquisition
The Competition Commission of India (CCI) is carefully reviewing Bharat Forge's purchase of AAM India Manufacturing.
The CCI is worried that this deal might reduce competition in the market for commercial vehicle axles.
They've started a detailed investigation, a rare move, and have asked Bharat Forge to make some changes.
The company has offered to keep AAM's products separate from its other brands, and the CCI will monitor this to make sure the deal doesn't hurt other businesses.
CCI granted merger approval to Bharat Forge for acquiring AAM India Manufacturing, invoking a special provision.
The CCI found the acquisition might harm competition in the commercial vehicle axle market.
The CCI initiated a Phase II investigation, a detailed probe into the acquisition.
Bharat Forge proposed voluntary modifications and commitments, but not all concerns were addressed.
CCI will appoint an independent agency to oversee the implementation of commitments.
- Who
- The Competition Commission of India and Bharat Forge.
- What
- CCI is investigating Bharat Forge's acquisition of AAM India Manufacturing.
- When
- Information is from a recently-published CCI order.
- Where
- India
- Why
- To assess if the acquisition would harm competition in the commercial vehicle axle market.
- Company Acquiring
- Bharat Forge
- Company Acquired
- AAM India Manufacturing
- Acquisition Price
- Rs 746.46 crore (initially)
- Regulatory Body
- Competition Commission of India (CCI)
- Market Concern
- Commercial Vehicle (CV) Axle Market
- Investigation Phase
- Phase II
- Monitoring
- Independent agency to oversee commitments