The latest figures mark the strongest reading since September 2022 and the third straight month in which overall orders have risen by 20% or more compared with the same period last year. Notably, the number also stood well above the 10-year February average of 24,991 units, underscoring the strength of the current momentum.
North America’s Class 8 truck market is widely viewed as a barometer of fleet confidence and freight demand. The trend is particularly relevant for Bharat Forge, which derives a significant share of its exports from North America, especially across commercial and industrial vehicle segments.
February data showed that the on-highway segment accounted for the bulk of the gains, while both on-highway and vocational markets contributed meaningfully to the monthly as well as annual rise in orders.
Over the past 12 months, total orders have reached 2,58,466 units. The 2026 order season, spanning September 2025 to February 2026, recorded 4% growth over the previous year, a notable turnaround from the double-digit declines seen earlier in the cycle.
“February’s very solid annual increase in net orders extended the firmer tone that has been building since late last year,” said Dan Moyer, Senior Analyst, Commercial Vehicles, at FTR.
Bharat Forge Q3 snapshot
The company reported a 28% year-on-year rise in consolidated net profit at Rs 273 crore for the third quarter ended December 2025, reflecting improving business momentum. The company had posted a net profit of Rs 213 crore in the corresponding October to December quarter of the previous fiscal.
Revenue from operations also saw a strong uptick, climbing to Rs 4,343 crore during the quarter under review, compared with Rs 3,475 crore a year earlier, the company said in a regulatory filing. Striking an optimistic tone, Chairman and Managing Director Baba Kalyani said, “Looking ahead into Q4 FY26 and FY27, it is fair to say that the worst is behind us and things are starting to look up.”
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