Bharat Forge Shares Rise on Strong Growth in North America Class 8 Truck Orders

Bharat Forge shares rose between 3.5% and 4% following a significant 159% year-on-year increase in North America's Class 8 truck orders in February, reaching 47,200 units. The on-highway segment led the growth, with both on-highway and vocational segments contributing to monthly and annual gains. Analysts attribute the momentum to improving freight fundamentals and fleet confidence, marking the strongest order levels since September 2022 and signaling a recovery in the commercial vehicle market.