Bajaj Auto’s Rakesh Sharma on export recovery, EV launches & more

economictimes.indiatimes.com:

Rakesh Sharma, ED, Bajaj Auto, says coming to exports recovery, in the last one or two quarters, we have bottomed out and have also sensed a slightly better flow of funds from overseas, but still have to watch a couple of quarters to see whether there is a substantive and sustainable recovery now well underway.”

There are so many factors to look forward to, new launches in EVs, a recovery in exports, the growth in the CNG motorcycle launch. Let’s begin with the recovery that we have seen in exports, a 10% year-on-year growth. Can you build on this number and if so, which are the markets according to you that will really lead this growth?
Rakesh Sharma: I must say that the exports recovery needs to be still watched for a couple of quarters. It is completely on the back of macroeconomic factors. Happily, in many countries, the informal exchange rate and the formal exchange rate are now finally converging, which allows the banking systems to support international trade though, of course, it is a serious devaluation in many countries which raises the ultimate purchase price and that has to be digested.

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So, yes, as the last one or two quarters are suggesting that we have bottomed out and we have also sensed a slightly better flow of funds from overseas, but we will have to