Bajaj Auto Annual Report Analysis -Product, Market Expansion Continues, Valuation Limits Upside: Dolat Capital
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Dolat Capital Report
Bajaj Auto Ltd. FY21 annual report demonstrates the strong operating performance despite several challenges like the potential impact of Covid 19 on demand, removal of MEIS export incentives and commodity headwinds.
In the domestic two-wheeler market the company gained market share in mileage segment (economy segment) (+90 basis points to 15.2%) led by successfully introducing the Pulsar-125.
Moreover, it also retained its leadership position in (150-220cc) sports segment at ~37% due to new launches (five models of Pulsar ranging from 150cc to 220cc and two variants of the Avenger).
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