MUMBAI: Tesla’s new electric semi-trailer truck could top the charts, analysts say, which could favor Indian auto parts maker Bala Forge’s line in the long run.

After more than a decade of cars and SUVs, On the manufacturing side, Tesla unveiled a new electric semi-truck over the weekend. Tesla’s CEO said it can travel 804 kilometers on a single charge, even with a payload of 36,000 kilograms. The cost is lower than a diesel semi-trailer, taking into account factors such as fuel savings and reduced maintenance. The electric truck is expected to begin production in 2019 Annually.

Truck component sales account for about 44% of Bharat Forge’s revenues, of which 57% is exported to major North American markets. According to one of the world’s leading securities firms, half of the industry’s revenue comes from crankshafts that are not needed for electric trucks. If the global truck fleet is electrified, more than 20% of the industry’s revenue will be at risk.

Tesla’s electric trucks are more impressive than expected,” Morgan Stanley said in a report on Monday. Bharat Forge’s crankshaft business will be at risk if the trucks go electric.” .

A crankshaft is an engine component that converts the linear motion of a piston into rotational motion.

Morgan Stanley says electric trucks are a viable option as global crude oil prices rise. The bank said the Semi It is 20 percent cheaper than a standalone diesel truck and half the cost of a row of diesel trucks.

As of Monday, Bharat Forge ended the year with shares surging 51% to Rs 697.80%. Morgan Stanley maintained its target price on Bharat Forge at Rs 659, about 5% below the current market price.

However, some analysts say that electric truck manufacturing is still in its infancy. It is still in its early stages and is still in its infancy for Bharat. The impact of Forge or any other auto parts company may have to be felt years after the actual launch.

Chheda, Analyst, IIFL Suraj He said, “While the launch of electric trucks is meant to have a negative impact on Bharat Forge, the real impact on the Pune-based company will be felt at least five years after the actual launch.”

Quant Broking automotive analyst Mumush Mandlesha also believes that electric trucks will not have any impact on the company’s sales in the short term.

Company executives expect India to lead regions like Europe in electric vehicles.

However, according to management, the company began developing electric motor vehicle prototypes for global companies last year. Management also believes that until the weight issue is resolved, the future of electric cars could be very difficult.