Bajaj Auto’s first quarter numbers in FY2021 have been impacted by the COVID-19 pandemic and the lockdown to contain it. The standalone profit for Q1 FY2021 was down 53.09 percent to Rs 528 crore from Rs 1,126 crore in Q1 FY2020. Q1 revenue from operations dropped 60 percent to Rs 3,079.24 crore, from Rs 7,755.82 crore in the same period a year ago.  

The two- and three-wheeler major’s operating profit declined 68 percent year-on-year to Rs 376 crore, from Rs 1,189 crore in Q1 FY2020. Precautionary measures have resulted in disrupted supply lines and a sharp decline in overall demand impacted the company’s performance.

Sales in the domestic motorcycle market was zero in April and impacted a large part of May 2020. The company clocked some recovery in June 2020. On the whole, Bajaj Auto’s share in the domestic motorcycle market has so far been 20.7 percent in this financial…

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