Shares of Bharat Forge Ltd. fell as much as 4% on Thursday, March 13, after the US Environmental Protection Agency (EPA) announced a rollback of certain environmental regulations.The agency plans to reconsider more than a dozen key EPA rules and regulations, including vehicle emissions standards.
In a recent conference, Bharat Forge said that a US commercial vehicle (CV) emission-related pre-buy could drive buoyancy in the second half of the year (H2).
Rollback impact
According to Elara Securities, the regulation was expected to have a positive impact on Bharat Forge, boosting revenue in H2FY26 and H1FY27.However, if the rollback is implemented, the anticipated pre-buy spike in CY26 may not materialise. As a result, the company is likely to witness normalised Class 8 truck volumes in CY26 and CY27.
The US Class 8 truck segment contributes 15% to Bharat Forge’s standalone revenue and 8% to its consolidated revenue.
Shares of Bharat Forge Ltd. are currently trading 4.15% lower at ₹1,044.95.
First Published: Mar 13, 2025 1:25 pm IS
