Key Points
Five years ago, less than 10% of Bajaj Auto total profits were coming from exports; that number is nearing 50% now and 46% of the total top line, according to the latest data on exports which has worked like a charm for you..
So can I safely assume that the second half of Bajaj Auto, with both export and domestic businesses coming back on track, will be significantly better or marginally better than the first half?..
When I put all this together, the tailwind of the industry, the stronger tailwind in the top half, our presence over there, our pipeline over there, I can say that there is reason to be optimistic about the second half in domestic sales..
But if I narrow it down and make it a little bit more transactional, at least in the short term, it opens up a very good opportunity for Bajaj Auto because the transition to EV is first happening in scooters because of the form and because of the space which is there to keep the battery and for various reasons..
Now with the three-wheeler also becoming EVs, that whole door opens up to us and we will go back to our customers, who took those vehicles out of necessity because auto was not available to them...
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