European restructuring uncertainty
Management deflected specifics on European restructuring, citing external landscape challenges and secular problems in Europe.
BHARATFORG / Q3-FY26 / risks
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Bharat Forge · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
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Tariff impact on US aluminium business
Tariffs on aluminium into the US are impacting profitability and demand, with current utilization at 65%.
North American truck market recovery pace
While order intake is improving, the recovery is expected to be steady rather than sharp, with exports still down 51% YoY.