Higher exports to drive revenue for Bharat Forge

Rebound in non-automobile segments holds key

The Bharat Forge stock jumped 2.3 per cent on Thursday after the sales of North American Class 8 trucks jumped 50 per cent year-on-year in August (14 per cent over July).

Industry body FTR Transportation Intelligence had reported that the Class 8 category, the heaviest segment among trucks, received orders for 20,700 units.

Truck sales have been moving north since January, signalling a recovery after 24 months of falling figures. Sales of North American commercial vehicles account for 20 per cent of Bharat Forge’s standalone revenue and is one of its most profitable segments.

Another trigger is passenger vehicle sales. It contributed 12