BHARATFORG

**Demand Outlook & Growth Guidance** **

:** Reported a **31% month-on-month decline** in **Class 8 truck orders**, indicating weaker near-term demand in the North American commercial vehicle market. **Impact:** **Negative;** softer truck demand may weigh on exports and near-term revenue. ** :** Targeting the **100,000–125,000** electric two-wheeler segment with its new **EL platform**. The company expects capacity constraints to continue for **2–3 months** before its Maharashtra plant ramps up production. **Impact:** **Neutral to Positive;** short-term capacity constraints may limit deliveries, but the expansion supports long-term growth.