Bharat Forge Eyes Double Exports by FY27 on US Trade Deal, North America Rebound

• Bharat Forge expects its exports to nearly double to $800 million by FY27, up from $400 million this fiscal year.
• The growth is primarily driven by the India-US trade deal, which is anticipated to introduce a lower and more uniform tariff structure, likely around 18% for most products.
• Discussions are ongoing to extend the 18% tariff treatment to products currently under higher Section 232 national security tariffs, benefiting the passenger vehicle components business.
• After a recent weak demand cycle in North America, particularly for heavy-duty trucks, Bharat Forge anticipates a significant rebound with orders and shipments showing a 20-25% rise each quarter.
• The company also sees growth in its defense sector, currently exporting $30 million quarterly, and is establishing a new manufacturing facility in Andhra Pradesh for additional defense offerings.

Why It Matters: Bharat Forge projects a significant export surge by FY27, fueled by a favorable India-US trade deal and recovering North American demand.