The shift to cleaner fuels is powering the company’s 3-wheeler sales in the CNG and EV categories.
Positive outlook for domestic and export segments, reasonable valuation, strong product pipeline and a bounce-back in demand for premium bikes make Bajaj Auto an attractive bet for the long haul.
"Headwinds continue in export markets viz. Nigeria & Egypt. Decline in exports is attributable primarily to external factors - availability of foreign currency and depreciation in local currency," Bajaj Auto said in its filing.
Domestic business has registered a 9.4 percent growth at 2.04 lakh units while exports fell 10 percent to 1.43 lakh units in May.
In an interview to CNBC-TV18, Jitendra Adhia, VP- Finance, Atul Auto, said improvement in realisations has come in on account of better product mix. He expects the margins to improve with deeper penetration and better product positioning.