Bajaj Auto Q4 results: Exports, 3-wheeler sales boost performance

Higher competitive intensity and rising commodity pressures are headwinds going ahead

Bajaj Auto’s March quarter (Q4) performance was marginally ahead of estimates. On a low base and more than doubling of commercial vehicle volumes, the company posted a 38 per cent growth in revenues for Q4. While overall volumes were up 33 per cent, realisations were up over 4 per cent, given the higher three-wheeler mix. While domestic motorcycle sales were up over 20 per cent, growth was a stronger 25 per cent on the exports front. 

Recovery in African markets on the back of rising crude oil prices has helped improve the economy and demand in those countries. Three-wheeler exports, too,