"Bajaj Auto, which has consistently maintained its EBITDA margin above 15% for the last seven-eight quarters and above 19% for the last two-three quarters, saw its top line numbers for the quarter broadly in line with expectations. Despite having a weak export mix, the firm s performance remains solid, helped in part by premiumisation of the domestic market.The company s product portfolio is improving and as its dealership expansions grow, volumes should increase further."