AI-generated · cited to primary sources · not investment advice
Bajaj Auto (532977) Jul 2024 Filing Analysis
Where does growth come from?
The EV portfolio (Chetak and electric 3-wheelers) now contributes 14% of total revenue, showing significant acceleration from previous years where revenue was only INR 500 crores in FY23. (5 accelerating across 5 signals)
“In this quarter, a sizable 14% of the domestic revenue has been contributed by the electric portfolio comprising both electric 3-wheeler and electric 2-wheelers.”
BACL is expanding its geographic coverage rapidly, currently covering 50% of Bajaj markets with a target to reach 100% by March 2025. (5 accelerating across 5 signals)
“About 50% of the Bajaj Auto markets and stores have now been covered by BACL. We are on track to reach 100% by March '25.”
See the full cited Future Growth analysis of Bajaj Auto
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