Slowing sales in key markets could derail Bharat Forge's growth curve

While truck sales in India and the US are trending down, industrial segment could see pressure

After falling 37 per cent over the last year, Bharat Forge’s stock could see further downside due to a slowdown in the commercial vehicle segment as well as a muted outlook for other key verticals.  

The slowing North American truck sales are a key worry. Order inflows for Class 8 trucks in North America in February at 16,900 units were down 58 per cent over the year-ago period, according to trade body ACT. 

Analysts say while the calendar year (CY19) outlook for US truck production is healthy, given a large order backlog, the sharp fall in new orders hints at