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Naxnova acquires Austria based Advanced Thermal Technologies – ET Auto

Baua Electric

This strategic acquisition, quick on the heels of the acquisition of the Belgium based Quad Industries, marks another significant step forward in Naxnova’s expansion strategy reinforcing their commitment towards delivering innovative solutions to customers worldwide, the company announced in a media release.

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Ramkrishna Forgings to supply power train components to US’ largest EV producer – ET Auto

Baua Electric

This deal signals the company’s debut in US’ electric vehicle market. The company also has a presence in Mexico, Turkey, and Belgium. This landmark approval signifies the company’s position into the electric passenger vehicle segment with a strong emphasis on powertrain components, it said in the statement.