CV sales and exports lead Bajaj Auto out of the woods, but stock languishes2 min read 22 May 2018, 10:02 AM IST
While Bajaj Auto's Q4 performance ticked all the boxes on the scorecard for the quarter, its showing in the domestic motorcycle market is worrisome
The March quarter (Q4) earnings bring good tidings for Bajaj Auto Ltd’s investors. Particularly noteworthy is the ramp-up in three-wheeler and commercial vehicle (CV) sales. Maharashtra’s move to open up three-wheeler permits aided Bajaj Auto’s sales in the segment—they rose a huge 144% year-on-year. Further, segment exports rose 83% on the back of improving conditions in Egypt and forays in new markets. The depreciating rupee gave a leg-up to revenue during the quarter.