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Bajaj Auto Q2 Review: Fairly Valued; Motilal Oswal Maintains 'Neutral' On The Stock — Check Target Price

Market share losses in domestic motorcycles, particularly in the crucial 125cc+ segment, remains the key concern for Bajaj Auto.

<div class="paragraphs"><p>Post GST rate cuts, Bajaj Auto's management expects the motorcycle industry to post a 6- 8% growth in H2 FY26.&nbsp; (Photo: Company)</p></div>
Post GST rate cuts, Bajaj Auto's management expects the motorcycle industry to post a 6- 8% growth in H2 FY26.  (Photo: Company)
Bajaj Auto’s Q2 FY26 earnings at Rs 24.8 billion were broadly in line with the brokerage's estimate. While margins were 50bp ahead of expectations at 20.5%, led by an improved mix and favorable currency, lower other income limited earnings upside.
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