ECONOMY

Bajaj Auto – Exports, Premiumisation Story Continues; Strong Growth Prospects: Axis Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Bajaj Auto Ltd. delivered a resilient performance in FY21 despite the adverse impact of the Covid-19 outbreak.

This was led by strong export performance, continuous premiumisation of its portfolio, and the company’s strong focus on cost-cutting measures.

Prudent cost management by the company led to margin expansion.

Bajaj Auto’s exports business is doing better than ever, which helped it cover for the weakness in the domestic market.

Electric vehicle business and Triumph partnership will be the key future growth drivers moving forward.

Click on the attachment to read the full report:

Axis Securities Bajaj Auto Annual Report Analysis FY21.pdf

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