Bajaj Auto (BJAUT) is strategically shifting its focus away from margins in an attempt to recoup its lost market share in domestic motorcycles. The aim is to expand its market share further to ~24% from ~18.7% now by plugging gaps in the portfolio. We expect domestic 2W demand trends to remain volatile until 1HFY21, with the risk of BS6 cost inflation puncturing the expected recovery in 2HFY20