If you’re in the US, you probably haven’t heard much about Bajaj Auto. But in Asia, and especially in India, it’s a heavyweight. This is a company that sells millions of motorcycles and three-wheelers a year, dominates export charts, and builds bikes for everyone from commuters to thrill-seekers.
And now? It’s making headlines again, this time for blowing past its profit forecasts.
Bajaj Auto reported a profit of 20.49 billion rupees (about $240 million), beating analyst expectations pegged at 19.95 billion rupees. That’s no small feat, especially considering the domestic market in India has been a bit soft lately. But Bajaj pulled ahead anyway, thanks to strong overseas demand for its motorcycles and favorable foreign exchange gains. To put it simply, Bajaj is firing on all cylinders globally, even if home sales aren’t red-hot at the moment.
