Bharat Forge’s Class-8 truck orders soar to 10-month high

3 Oct 2024 , 12:43 PM

Bharat Forge Ltd. shares are in focus on Thursday, October 3, following the latest round of Class 8 Truck orders in North America.

At around 11.00 AM, Bharat Forge was trading 0.86% lower at ₹1,517.10 per piece, against the previous close of ₹1,530.20 on NSE. The counter touched an intraday high and low of ₹1,551, and ₹1,515.15, respectively.

In September, North American orders for Class 8 trucks reached a 10-month high of 30,000 units. When compared to August, these orders increased 124%, while year-on-year, they decreased 3.5%.

In August, North America Class 8 truck orders totalled 13,400 units, up 2% from July but down 16% from the same month last year.

Bharat Forge, a defence-to-auto component provider, operates in North America’s class 8 truck sector.

Previously, OEMs (original equipment manufacturers) open their order books for the next year in September.

Bharat Forge Limited (BFL), a Pune-based Indian multinational, is a technology-driven global leader in metal forming with a transcontinental presence across eight manufacturing locations, serving a variety of industries including automotive, power, oil and gas, construction and mining, locomotive, marine and aerospace.

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