Bharat Forge Plant With Liebherr Aerospace: Stock Outlook?

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The Mundhwa facility marks a landmark shift in India’s aerospace ambitions — from low-value components to high-precision, mission-critical manufacturing for global OEMs

By S. JHA

Mumbai, March 13, 2026 — India’s aerospace manufacturing story just got significantly more sophisticated. Bharat Forge Limited inaugurated an advanced landing gear components machining facility in Mundhwa, Pune in collaboration with French aerospace giant Liebherr-Aerospace & Transportation SAS — a development that analysts say could redefine India’s role in global aviation supply chains.

According to an ICICI Direct research note, the new facility integrates high-precision machining centres dedicated exclusively to manufacturing landing gear components for global aerospace Original Equipment Manufacturers. Critically, ICICI Direct notes that the project makes Bharat Forge “one of the first companies in India to operate OEM-approved landing gear machining capabilities at scale” — a distinction that carries significant weight in an industry where precision tolerances and regulatory approvals are notoriously difficult to obtain.

Landing gear systems sit among the most structurally demanding components on any commercial or military aircraft, making the ability to machine them to OEM specification a meaningful technological milestone for Indian industry.

ICICI Direct’s rationale frames the development as more than a single facility launch. The brokerage sees it as evidence of India’s “gradual shift from being primarily a supplier of low-value aerospace components to participating in high-precision and critical aerospace manufacturing” — a transition that has long been aspirational but is now, at least in this instance, operational.

The facility is expected to deepen Bharat Forge’s participation in global aerospace supply chains at a time when major OEMs are actively seeking to diversify manufacturing away from traditional hubs. For Bharat Forge, the Liebherr partnership provides OEM-level validation that could open doors to further contracts across commercial aviation and defence platforms worldwide.

Part of the Kalyani Group, Bharat Forge already operates across aerospace, automotive, defence, oil and gas, and railways, with subsidiaries including Kalyani Rafael Advanced Systems and Kalyani Strategic Systems. The Mundhwa plant adds a new dimension to that portfolio — one that positions the company at the precision end of global aerospace value chains rather than the commodity end.