Global gloom in CV sector may weigh on Bharat Forge’s earnings
With capacity utilization at 65%, second quarter may be worse given the negative operating leverage, say analysts
The downtrend is unlikely to reverse soon. There is no respite from the plunging US Class 8 truck orders, which accounts for nearly one-fifth of Bharat Forge’s total sales
News of falling commercial vehicle (CV) sales across the globe does not augur well for Bharat Forge Ltd. After all, CVs account for about half the auto component maker’s total sales.
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