02/05/2023
Bajaj Auto's stock has increased by 22.5% in 2023, with factors such as increased domestic two-wheeler demand, EV volume, launch of premium bikes with Triumph and a revival in overseas shipments supporting future earnings. In the previous fiscal year, the company's bike volume fell by 9%, but the share of domestic two-wheelers rose to 48.3% in Q1 2023 compared to 34.7% in the previous year. For the current fiscal year, the sector's two-wheeler volume is expected to grow by 10-12%, while Bajaj Auto's management expects 6-8% growth in the 125cc plus motorcycle segment.
