Bajaj Auto's Q4 evenue grew 6% YoY to Rs 121.5 billion and was in line with our estimate. (Photo source: Bajaj Auto/Facebook)
While a recovery in exports and a healthy ramp-up of Chetak and three-wheelers are key positives, its market share loss in domestic motorcycles, that too in its bread and butter 125cc+ segment, remains the key concern. Further, the ramp-up of its CNG bike Freedom has been slower than expected. While Bajaj Auto has acquired a controlling stake in KTM under a lucrative deal, its effectiveness depends on how quickly it is able to turn a...