 "Illustration by Ajay Mohanty")
Shares of auto-component suppliers like Bharat Forge, GNX Axles, and Ramkrishna Forgings were trading higher on the NSE in the morning deals on Thursday after US data showed increase in North America class 8 truck orders.
Bharat Forge, which is the main supplier of US class 8 trucks in India, rallied up to 3.3 per cent to trade at Rs 394.8 apiece.
The supply of components to truck-makers accounts for nearly 41 per cent of its revenues. Of these, approximately 12 per cent revenue comes from North American truck sales.
Shares of other component suppliers, too, gained in the trade.
