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08-May-2025

Bharat Forge

Stable domestic performance while exports face challenges


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Bharat Forge hosted a conference call on May 8, 2025. In the conference call the company was represented by, Mr. Amit B Kalyani- Vice Chairman & Joint Managing Director, Mr. Subodh Tandale- Executive Director and Mr. Kedar Dixit- Sr. VP & CFO.

Key takeaways of the call

In Q4 FY25, CV exports to Europe saw some revival post the lows seen in Q3FY25. North America CV revenues have seen decline in line with the weakness in the NA class 8 markets.

With the potential deferment of emission norms change in North America and continued weakness in EU, the company expect the CV business to witness a decline in FY26.

In Q4 FY25, Passenger Car exports picked up sequentially as demand conditions in Europe improved slightly and some pockets of strength emerged in Latin America. Industrial exports saw strong performance driven by contributions from HHP Engines ...



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