Bharat Forge shares dropped 3% on Thursday after North American Class 8 truck orders continued to decline, hitting a seven-month low in March. As of 10:12 AM, the shares were trading 2.98% lower at Rs 1,118.60.
According to ACT Research, Class 8 truck orders fell to 15,700 units in March, marking a 14% year-over-year decline and an 8% drop from February levels. This marks the fourth consecutive monthly decline in orders for the segment.
Industry experts point to economic uncertainty, slowing fleet expansion, and trade policy concerns as possible reasons for the downturn. “The first quarter of 2025 has been defined by one word: uncertainty. Whether the slowdown in orders is a result of moderating economic activity, private fleets pausing expansion, or a response to trade and policy uncertainty is difficult to surmise and remains an open question,” said Carter Vieth, Research Analyst at ACT Research.
Bharat Forge, a key supplier to the North American Class 8 truck market, is expected to face short-term headwinds due to the declining order trend. Investors are closely watching for signs of stabilization in the commercial vehicle sector, which could impact the company’s financial performance in the upcoming quarters.
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