Bajaj Auto’s May sales beat estimates, but export decline YoY casts shadow
- While Bajaj Auto’s two-wheeler exports rose sequentially, they dropped on a yearly basis. This is the eleventh consecutive time of YoY drop in export two-wheeler volume
Bajaj Auto Ltd. outpaced analysts' projections with its wholesale volume figures in May. The two-wheeler segment of the automaker grew 23% year-over-year (YoY) to 307,696 units. This uptick was partly helped by a low base due to past supply constraints. Analysts at Jefferies India estimated the company to clock 286,000 units.