Strong sales, price hikes to drive Bajaj Auto Q1 earnings

Moneycontrol Bureau

Auto sales in India have slowed in last few months as expensive loans, high fuel prices and price hikes by vehicle makers have deterred buyers from new purchases. But, earnings of two-wheeler makers like Bajaj Auto are expected to accelerate in the first quarter as the sector remains relatively insulated from high interest rates and fuel prices. Bajaj Auto, which will report April-June earnings on Thursday, will get a boost from strong sales of Pulsar and Discover range of motorcycles and three-wheeler commercial vehicles, apart from the price hike taken during the quarter. The India