• Exports run rate: Bajaj Auto expects monthly export volumes to exceed 2,50,000 units from June onwards, supported by an 80% to 100% year-on-year retail recovery in Nigeria, strong demand across Africa, and over 35% growth in Latin America.
• Domestic market moderation: Domestic two-wheeler industry growth declined sharply from 20% in March to about 4% to 5% in May due to price increases and subdued consumer sentiment, with subdued growth expected to continue through the seasonally soft June to August period.
• Electric vehicle expansion: Chetak’s market share in e-scooters rose to 23% to secure the number two spot, while the company leads the e-three-wheeler space; the overall EV business exceeds 50,000 units, generates ₹1,000 crore in domestic revenue, and delivers healthy single-digit EBITDA margins.
• Margin protection strategy: The company plans to protect profitability through premium 150cc+ motorcycles, rising EV volumes, robust exports, and favorable foreign exchange rates, which offset raw material inflation and broad-based domestic volume headwinds.