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Bajaj Auto Q1 net drops 20% QoQ to Rs 1,061 crore but beats estimates
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Tractor manufacturers, global suppliers to outperform in Q2
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Riding high on exports, Bajaj Auto emerged as the largest motorcycle maker in India by sales in April. The maker of Pulsar and Discover brands sold a total of 348,173 units of which 221,603 units were exported. The Pune-based company expects the strong momentum in exports to continue in the forthcoming months even as the domestic market reels under the impact of the second wave of the pandemic and a fourth of company’s sales outlets in the domestic market remain shuttered. It has guided for an average sales of 200,000-plus units in the overseas markets in the coming months. In FY21, Bajaj Auto’s income from exports stood at Rs 12,687 crore with 52 per cent of its volumes exported to over 79 countries.
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