How automakers are risking their margins
- The increase in discounts may negate a part of the commodity benefit.
Among automakers, Bajaj Auto Ltd will be the first to announce the September quarter (Q2FY23) results on Friday. Export markets are muted in the two-wheeler (2W) segment and Bajaj would bear the brunt of this. The share of relatively more profitable exports fell to 39% of Bajaj’s total 2W volumes in Q2 from roughly 63% in Q1.