BAL stands apart from the competitor pack given the scale of its presence across geographies in both 2-W as well as 3-W segments (FY19 volumes of 25.7 lakh units of which 50% domestic 2-W, 34% export 2-W, 8% domestic 3-W, 8% export 3-W). It has been able to broadly outperform its peers during the ongoing slowdown given the strength of its export performance as well as concentrated focus on the motorcycle segment, which has fared better than scooters and mopeds. This reflects in its market share gains (domestic motorcycle market share of 18.1% as of September 2019 vs. 17.5% YoY)....