 "Bharat Forge: US sales offers some respite amidst headwinds")
The other issue is the slow moving domestic medium and heavy commercial vehicles (M&HCV) segment, also important for Bharat Forge, being 17 per cent of standalone revenue. Analysts at Nomura say they see structural headwinds to growth due to sharp increases (seven to eight per cent) in prices from April 1, on higher emission norms and strong pre-buying in March, when companies had to liquidate older BS-III standard vehicles' inventory at high discounts. And, due to demand uncertainty after implementation of the national goods and services tax from July.
The near-term outlook for the CV segment is muted, with
