• Export performance: Exports account for 40% of revenues with a strong order book across Africa, Latin America, and ASEAN, aiming to breach the 250,000 monthly unit mark. However, shipping constraints and supply disruptions caused a loss of 100,000 to 120,000 units in the recent quarter.
• Market segment divergence: Domestic demand is highly polarized, with electric scooters growing at 70% and 150cc+ motorcycles up 25%, while entry-level 100cc and 125cc segments grow at just 3% to 4%.
• Product launch pipeline: Bajaj plans to reinvigorate its motorcycle portfolio over the next six weeks by introducing an all-new Pulsar model in the 125cc and 150/160cc segments alongside eight product refreshes.
• Capacity expansion plans: The company is expanding total annual capacity from approximately 7 million units to over 9 million units over the next 12 to 15 months to relieve constraints in electric vehicles, three-wheelers, and premium motorcycles.