The outlook for the CV industry in North America has improved, signaling better days ahead for Bharat Forge’s exports. The industry’s barometer in North America is class 8 trucks, commonly known in India as heavy commercial trucks. Preliminary data from FTR Intelligence showed North America’s net orders of class 8 trucks jumped to 47,200 units in February, substantially higher than the month’s 10-year average of 24,991 units. This translates to 159% year-on-year growth and 47% month-on-month growth.
What’s fueling the Bharat Forge stock rally, and will it continue?
