Business
BMAG: Sales and earnings guidance cut as restructuring, cost reductions, and inventory destocking continue
BMAG: Sales and earnings guidance cut as restructuring, cost reductions, and inventory destocking continue
About this update from Bajaj Mobility Ag
Sales in both motorcycle and bicycle segments are forecast to decline 10%-15% amid global market volatility, high interest rates, and supply chain challenges. Cost-cutting, workforce reductions, and a strategic shift to premium brands are underway, with inventory destocking expected to last into 2025.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.