Bharat Forge controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
German regulator fines Bharat Forge subsidiaries €32 million
Fine or penalty
Germany's Federal Cartel Office imposed a €32 million fine on three local subsidiaries of Bharat Forge as part of settlements in two investigations. Bharat Forge stated that the proceedings concerned the period from 2004 to 2018, but did not disclose their subject, citing confidentiality obligations.
Source excerpt
The investigations pertained to the period between 2004 and 2018 and were initiated by the FCO against several companies in Germany, Bharat Forge informed in a notice to the stock exchanges.
Mumbai: Germany competition regulator Federal Cartel Office (FCO) on Wednesday imposed a fine of €32 million (Rs 288 crore, approximately) on three local subsidiaries of Bharat Forge as part of a settlement in two separate investigations.
The three subsidiaries involved are Bharat Forge Aluminiumtechnik GmbH, Bharat Forge CDP GmbH, and Bharat Forge Global Holding GmbH.