Finacing concerns for domestic 3Ws to continue as owners are only earning ~30-40% of the normal business per days. No conern on 2W so-far. BJAUT results were operationally better with positive surprise on EBITDA margins at 13.3% (-220bp YoY, PLe 12.5%) led by three year high gross margins at 32.9% (+470bp YoY, PLe 32%). The beat was led by favorable forex impact. However, Adj.PAT came in lower at Rs5.3b (-53% YoY, PLe Rs6.2b) due to lower other income. With weak product mix (higher domestic share)...