As Bajaj Auto’s exports dip, domestic sales of two-and three-wheelers erase the worry lines
Automobile

As Bajaj Auto’s exports dip, domestic sales of two-and three-wheelers erase the worry lines

By Eduardo Saverin

Rajiv Bajaj, CEO, Bajaj Auto at EV manufacturing plant in Akurdi, Pune; image credit: BCCL file image

Synopsis

The overseas markets have been hit by currency devaluation-led inflation and lower availability of the US dollar for trade. Amid this upheaval, Bajaj’s domestic volumes nearly doubled over the past quarter and both two- and three-wheelers are helping the company cushion the drop in exports.

For Rajiv Bajaj, managing director and CEO of Bajaj Auto — and the team looking after the company’s overseas business — 2022 may not be the year they would like to remember fondly. It has been a year full of challenges, with exports dipping due to macroeconomic headwinds across the globe. Exports have been the mainstay of the two- and three-wheeler major accounting for close to 60% of its sales volume. Rakesh Sharma, executive director of Bajaj

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Eduardo Saverin