Bajaj Auto - EV Foray Primed For Scale Up: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.We met with the management of Bajaj Auto Ltd. to receive updates on its existing businesses, new growth drivers, and electric vehicle plans. While export volumes are bottoming out and likely to recover only from Q2 FY24E, its entry in Brazil and the upcoming Triumph launch are the new growth drivers. Chetak is primed for ramp-up in FY24E and Bajaj Auto expects this to reflect in the next couple of months. The company plans to extend its range of products in FY24E in both two-wheelers and three-wheelers. It has very recently launched two products under Yulu brand in the low-speed segments, targeting business-to-business and personal categories. These products are developed and will be manufactured by Bajaj Auto, and marketed by Yulu. Over a period, Yulu will pivot towards B2B and goods. The e-three-wheeler launch would happen in a couple of months (instead of March 2023 stated earlier).However, the management cautioned on commodity cost inflation that is gaining in strength from the lows of Q3 FY23. .Click on the attachment to read the full report:.Retail Auto Sales Rise In February, But Remain Below Pre-Covid Levels.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bajaj Auto - EV Foray Primed For Scale Up: Motilal Oswal

Chetak is primed for ramp-up in FY24E and Bajaj Auto expects this to reflect in the next couple of months.

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