Chetak and exports power Bajaj Auto Q1; Margins dip below 20%
Bajaj Auto reported a 14% rise in Q1 profit to ₹2,210 crore, driven by strong exports and EV sales. Revenue grew 10% YoY, but margins slipped to 19.7% amid forex headwinds. EVs now contribute over 20% of domestic sales, with Chetak and e-3Ws surging. Analysts remain bullish on Bajaj's focus on electrification, premium bikes, and global expansion.