Bajaj Auto Reports Increased Demand for Premium Bikes Amidst Easing GST

Bajaj Auto, a motorcycle maker, is seeing more people buy their fancier and more expensive bikes.

This is happening because a tax reduction (GST cut) and better loan options make these premium models more affordable, even in smaller engine sizes.

For instance, their top 125cc bikes and higher-spec 150-160cc bikes with features like ABS are selling better than the basic versions.

The overall motorcycle market in India is growing, and Bajaj expects this trend to continue.

However, their new bike that runs on natural gas (CNG) isn't selling as well as hoped.

This is because there aren't enough gas stations, and sometimes the gas pressure is too low, which affects how far the bike can go and how much money riders save.

Bajaj is also working on an electric motorcycle.

In other news, Bajaj's sales to other countries are doing very well, with a 35% increase in export revenue.

They are seeing good growth in places like Africa and Asia and are hopeful for continued international sales, especially with holiday seasons approaching in some regions.