Business Standard

Bharat Forge cranks up for the future as Covid dents biz at home and abroad

The second part of the series looks at Bharat Forge's strategy during Covid to restructure overseas units

Amit Kalyani, executive director, Bharat Forge

A collapse in MHCV (medium and heavy commercial vehicles) volumes in the home market and exports to the US has singed earnings. “It’s a nightmare,” Kalyani told analysts alluding to the abysmal capacity utilisation levels in the domestic MHCV market.

Shally Seth Mohile Mumbai
Amit Kalyani, 44, deputy managing director, Bharat Forge, is prepping the 54-year-old firm for the future. The strategy involves a two-pronged approach: Setting tough targets for the company’s overseas subsidiaries and taking the group into newer businesses.

With its core commercial vehicle (CV) segment (in both domestic and export markets), which accounts for close to 47 per cent of consolidated revenue, seeing a near collapse due to the pandemic and non-auto segments such as oil and gas also under pressure, the world’s largest forging company is looking at newer horizons.

“We will always have something in Horizon 2 and something

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First Published: Jul 20 2020 | 5:34 PM IST

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