Bajaj Auto Q1 performance driven by product mix improvement in motorcycle segment: Abhishek Gaoshinde
«It was largely the 125cc segment that has maintained and despite that the company has reported that kind of growth in overall motorcycle sales,» says Abhishek Gaoshinde, Sharekhan By BNP Paribas.
Help us with your first cut on the earnings of Bajaj Auto. How do you see the numbers versus your estimates as well as what was the standout point for you in the earnings and the press release?
Abhishek Gaoshinde: Broadly what we can see that the numbers were in line with the estimate given that kind of a volume growth and the product mix that the company has reported.
The key highlight of this number is that the performance was largely driven by the improvement in the product mix in the motorcycle segment. It was largely the 125cc segment that has maintained and despite that the company has reported that kind of growth in overall motorcycle sales.
Unlock Leadership Excellence with a Range of CXO Courses
Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowChief Executive Officer ProgrammeVisitIIM LucknowChief Operations Officer ProgrammeVisit But in that 125cc segment which contributed 39% to the total motorcycle volume, has increased by 30%. So, one, this has supported the performance. Second is that the exports have been overall stabilised for the last two-three quarters, that has been a supporting point.
And third is that in Egypt this quadricycle has been accepted as a public transport vehicle and because of that in this particular quarter the export volume for quadricycle
