Bharat Forge shares soar 4% as North America Class 8 order soars 159% YoY; board approves fundraiser

This follows the release of North American Class 8 net orders for February, along with the company’s board of directors approving a fundraiser of up to ₹800 crore via an unsecured rupee term loan.

The stock was trading 1.94% higher at ₹1,877.50 per equity share at around 1:44 PM.

The scrip has lost more than 2% in the past week but gained 19% over the month. On a year-to-date basis, it has advanced 28%.

While the share touched a 52-week high of ₹1,929.50 on March 2, 2026, it reached a year’s low of ₹919.10 per unit on April 7, 2025.

North America Class 8 truck net orders

As per data on FTR Transport Intelligence, North American class 8 truck/tractor preliminary net orders surged 159% year-on-year (YoY) to 47,200 units in February 2026, marking its highest total order since September 2022.

It jumped 47% month-on-month (MoM), the report stated, adding that while the on-highway market made up the bulk of the increase, both on-highway and vocational markets contributed significantly to the MoM and YoY growth in orders.

The 2026 order season (September 2025-February 2026) recorded a growth of over 4% YoY, reflecting an improvement from the double-digit declines earlier in the cycle. It stated that orders over the past 12 months totaled 2.58 lakh (or 2,58,466) units.

The report noted that risks persist, including the durability of the freight recovery, still-high financing costs, the potential for tariff or regulatory shifts, and geopolitical risks such as the new conflict in the Middle East. It added that, however, the sustained and increasingly freight-driven strength in orders reinforces the case that underlying demand is firming more decisively as 2026 progresses.

₹800 crore fundraiser

Bharat Forge’s board of directors approved fundraising up to ₹800 crore via an unsecured rupee term loan.

In a regulatory filing dated March 4, the Kalyani Group firm said that its Investment Committee considered and approved “availing of an unsecured rupee term loan up to an amount of ₹8,000,000,000/- (Rupees Eight Thousand Million Only) within the aforesaid overall limit approved by the Board.”

This fundraiser is part of Bharat Forge’s financial plan and follows the board of directors' decision at a meeting held on November 11, 2025, to give their in-principle approval to raise funds not exceeding ₹2,000 crore via term loans, non-convertible debentures, or any other debt instruments.

The board had further delegated the necessary authority to the Investment Committee to “evaluate, finalise and take such actions as may be required in connection with the aforesaid fund-raising.”

Bharat Forge has a total market capitalisation of ₹89,713.33 crore, as of March 5, 2026, according to data on the NSE.