Shares of Bharat Forge Ltd, a maker of safety components for automobile and other sectors, today fell as much as 5.1 per cent to over 1-week low.
According to Freight Transportation Research, order inflows of class 8 trucks in North America had declined 10 pct YoY in April.
Nomura says it expects 10 per cent volume growth for Bharat Forge’s commercial vehicles in North America in FY16 and 5 per cent growth in FY17.
North America, including non-auto exports, comprises 37 per cent of the company’s revenue, Nomura says in a report.
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