"Over the last 20 years, Bajaj Auto has successfully executed two significant transformations - from being a scooter licensee to becoming a motorcycle innovator, and from being a domestic player to becoming a global powerhouse. During both these endeavours, we have demonstrated the ability to balance change with stability, and growth with profitability," says Bajaj Auto s MD Rajiv Bajaj
Sulajja Firodia Motwani s comments come at a time when the Centre has cut subsidies on electric two-wheelers in the second edition of its flagship Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. The government is also considering the need for a third edition of the programme with demand incentives for buying EVs under FAME II set to end this financial year.
Two-wheeler stocks, which have gained up to 23 percent in the last month, are already fairly valued due to its sharp rally and margins in electric 2Ws may remain a challenge in the near term, CLSA has said
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