New Delhi, March 20 -- The Competition Commission of India (CCI) has called for public comments on Bharat Forge Ltd's proposed acquisition of AAM India Manufacturing Corporation Pvt Ltd, following concerns that the transaction may impact market competition.

Bharat Forge, a key player in the forged components industry, had approached CCI in October 2023 for approval to acquire AAM India, a company engaged in manufacturing and selling axles for commercial vehicles.

According to a statement released on Wednesday, CCI has conducted a preliminary review and believes that the acquisition could have a significant adverse effect on competition.

Under Section 29(2) of the Competition Act, 2002, the regulator has directed the involved parties to...