Tork Motors explores stake sale to stay afloat amid funding crunch

Quick Summary:

The Pune-based company has reached out to two-wheeler players like Kinetic Green, HeroMotoCorp and TVS Motor Company with buyout proposals.

The Economic Times was the first to report on the development.

Bharat Forge holds its stake in the EV maker through its wholly owned subsidiary Kalyani Powertrain Ltd.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: India

Topics: Motors According Privacy Stake Policy Funding Sale Company Investment Report Tork

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 07:16:57 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 355 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22372999

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