Bharat Forge, India’s largest metal forging company, has
been implementing a strategy to become less dependent on automotive work. So
far it seems to be working. In the last two quarters the company has posted
double-digit earnings growth on the strength of gains in its non-automotive
business, fueled in part by infrastructural investment by the Indian
government. Currently, Bharat Forge’s non-automotive business is less than
one-third of total revenues, which the company is trying to increase to 50% or
more in the next two years.
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