Shares of Bharat Forge Ltd dropped 6.81% to ₹1,041.00 on Friday, extending the selloff triggered by U.S. President Donald Trump’s announcement of a 25% reciprocal tariff on imported automobiles. The stock declined by ₹76.10 from the previous close of ₹1,117.10, hitting an intraday low of ₹1,018.50—its lowest level in nearly a month.
Auto and auto component makers came under pressure with the Nifty Auto index falling nearly 3%, as global markets absorbed the trade impact. According to Tata Mutual Fund, India exports $6.8 billion worth of automobiles and auto components to the U.S., putting companies like Bharat Forge at risk due to weakened price competitiveness.
Bharat Forge, a leading exporter of forged components, especially for Class 8 trucks in the U.S., has seen softening demand. ACT Research data, cited by CNBC-TV18, showed Class 8 truck orders in North America have dropped for a fourth consecutive month. This comes amid comments from Chairman Baba Kalyani, who noted the U.S. accounts for nearly 20% of the company’s total exports.
Bharat Forge’s market capitalization stands at ₹498.17 billion, with a P/E ratio of 54.28 and dividend yield of 0.86%.
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