Bajaj Auto share price: Jefferies maintains BUY on Bajaj Auto with target price of Rs 4400
In a note, Jefferies has revealed that Bajaj Auto management says that its electric scooter Chetak, launched in 2020, is seeing a good initial response but is facing supply-side issues due to semiconductor shortages. The company is building its EV capability for both 2Ws and 3Ws with a focus on the entire ecosystem, including products, dealerships, spare parts, and customer engagement
Jefferies says that the sharp rise in metal prices is pushing up input costs for autos and Bajaj Auto expects a further 3ppt commodity cost-push in 1Q: Reuters