Bajaj also spoke about the predicament that Hero currently finds itself in. Hero is always the most effected in a flat market coupled with the fact that they were simultaneously trying to expand their network. This has hit HMC very hard.
Looking to the next financial year, Bajaj expects Honda and Hero to try very hard to grasp the market. Hero will try to stem their volume and market share loss. While Honda after the separation with Hero will try to achieve their target, which generally is 50% market share.
Regarding exportsrumours of a scooter launch by Bajaj, the MD said that entering the scooter market would not be a de-risking move, but it will actually turn out to be a distracting move. As such, the company has no plans to enter the scooter market anytime soon. Choosing to focus all its resources on the motorcycle market, especially the commuter segment along with a strong pitch towards exports.
Source: Have maintained profitability despite economic headwinds: Rajiv Bajaj, Bajaj Auto - The Economic Times
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