Bajaj Auto shares gained on June 27 ahead of the global launch of the first set of motorcycles under the Bajaj-Triumph partnership. At 12:30pm, the stock was trading at Rs 4,655 on the NSE, higher by 1 percent from the previous close.
While the exact details are not known yet, bike enthusiasts believe Scrambler and Roadster are the two models that will be showcased in London. They are likely to sport a 300-400cc engine, directly taking on Royal Enfield.
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Bajaj and Triumph had announced a strategic partnership back in 2o2o, under which they planned to create a range of mid-sized Triumph Motorcycles. This is the third key partnership for Bajaj Auto to manufacture higher CC bikes apart from KTM and Husqvarna.
At a time when its peers have been ramping up launches in the electric space, Bajaj Auto is sticking to its core competency. Its EV foray has largely been in the three-wheeler segment. It planned to ramp up production of its electric scooter Chetak to around 10,000 units a month by June, but there has been no update on that front yet.
Analysts have not spelt out their clear verdict on the Triumph partnership. “Triumph being a premium brand with higher CC (more than 600cc) offerings and 1,000-unit sales for FY23, we await affordable offerings from the partnership adapting to the needs of the domestic market in the mid-weight category, which is dominated by Royal Enfield,” according to ICICIdirect analysts wrote in a note.
Apart from monitoring the progress on Triumph partnership, the analysts are also keenly watching the company's export numbers. In Q4 FY23, Bajaj Auto's exports deteriorated sequentially due to a near standstill in Nigeria because of election-related unrest and demonetisation.
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