MUMBAI: Bharat Forge Ltd, the flagship company of the USD 2.4 billion Kalyani Group, is looking at increasing its manufacturing footprint in the US market, a top company official said.

“We need to expand our manufacturing footprint in the US market as we have a small plant at Michigan,” Bharat Forge’s chairman and managing director, Mr Baba N Kalyani, told reporters here.
“We haven’t got a right opportunity to expand in the US market, but in the near future we hope to expand our footprint in traditional areas (automotives),” Mr Kalyani said.
The company already has a large footprint in the European market.
“Our focus is to expand our business in Europe, where we have capacities. We may expand in automotive-related activities in Europe,” he said.
Commenting on its China operations, Mr Kalyani said the company has a large footprint and the Chinese plant was scaling-up.
The company, however, had no plans to set up manufacturing units in Brazil and Russian markets, where it had entered last year, he said.
Asked on capex plans, Mr Kalyani said that the company has small capital expenditure plans this year and was looking at investing more in the non-automotive sector.
The company sees a huge potential in the power sector estimated at Rs 2,000 crore and plans to scale up its capacity of turbine generators.