Rakesh Sharma, ED, Bajaj Auto maintained 20%+ EBITDA for the fifth straight quarter, with exports soaring 27% last quarter. Electric 2W and 3W businesses are expanding, with 2W reaching breakeven and 3W enjoying strong margins. Stable commodity costs aided profitability. The motorcycle market sees a shift towards 125cc+ models, growing at twice the rate of 100cc, offering higher margins and differentiation in styling and performance. Strategically, the company is tilting towards the premium segment. Latin America leads exports, and margins are expected to stay strong, aided by INR devaluation.
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