Bajaj Auto is witnessing a strong revival in various export markets, including Africa and Latin America, as they were not hit as hard by the COVID-19 pandemic and subsequent lockdowns as the domestic market, a senior company official said.
The company, which exports to around 79 countries globally, reported its best ever dispatches to international markets last month.
"In terms of recovery, international business is doing better than domestic because most of the countries where we export have not been impacted that much by the pandemic and lockdowns as India," Bajaj Auto CFO Soumen Ray told PTI in an interview.
The demand is very robust and various markets like Africa, Latin America Middle East and South Asia are doing very well, he added.
"We have only two areas of concern, one is ASEAN region where major markets like the Philippines and Cambodia are witnessing lockdowns and restrictions. Other is Sri Lanka, where the government has banned import of vehicles," Ray said. Barring these two, the company is witnessing very strong revival, he added.