Festive updates for Bajaj (link)
| o | Over last 9 days, domestic motorcycle sales down by 3% |
|---|---|
| | 100cc city & platina: Down 30% YOY |
| | 125+cc: 28%+ YOY growth |
| | KTM and other premium brands: 25% YOY growth |
| | 3wheeler: Down 60% YOY (Diesel portfolio has done well) |
| | Exports: Headed for 230’000 vehicles this month (15% MOM growth) |
| | Overall ~500’000 vehicles in October |
| o | MEIS hit has been ~300cr. this fiscal year |
Disclosure: Invested (position size here)