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Axis Securities Report
Bajaj Auto Ltd. delivered a resilient performance in FY21 despite the adverse impact of the Covid-19 outbreak.
This was led by strong export performance, continuous premiumisation of its portfolio, and the company's strong focus on cost-cutting measures.
Prudent cost management by the company led to margin expansion.
Bajaj Auto's exports business is doing better than ever, which helped it cover for the weakness in the domestic market.
Electric vehicle business and Triumph partnership will be the key future growth drivers moving forward.
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