Bharat Forge stocks reel under demand pressure on sharp fall in truck sales

Sales of heavy trucks in US, India decline in November; commercial vehicles also register a fall locally

The Bharat Forge stock was down 8.5 per cent, hitting a one-year low, on demand concerns after November sales of trucks both in North America and India — its two largest markets — fell sharply. 

While the preliminary sales data of class 8 trucks in North America indicates that sales were down 15 per cent year-on-year, sales of medium and heavy commercial vehicles (M&HCVs) in India also fell by a similar number. 

Commercial vehicles account for about 45 per cent of Bharat Forge’s stand-alone revenues. 

The fall in North American heavy truck sales to their lowest in 14 months could prove to be