🔍

BAJAJ-AUTO - Bajaj Auto

📊 NSE: BAJAJ-AUTO 🏢 Automobiles - Scooters And 3 - Wheelers 📅 Last Updated: 12/13/2025 18:53

📢 Recent Corporate Announcements

Bajaj Auto Subsidiary BACL Receives [ICRA]AAA (Stable) Rating for Rs 7,750 Crore Facilities

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 07 Mar 2026, 01:38 PM

ICRA has reaffirmed and assigned the highest credit rating of [ICRA]AAA (Stable) to Bajaj Auto Credit Limited (BACL), a wholly owned subsidiary of Bajaj Auto. The rating covers Rs 2,000 crore in Non-convertible debentures and Rs 750 crore in subordinated debt. Furthermore, ICRA assigned a new [ICRA]AAA (Stable) rating to Rs 5,000 crore of long-term bank lines. This top-tier credit rating reflects the strong financial backing of the parent company and ensures the subsidiary can access capital at competitive rates to fuel its lending operations.

ICRA reaffirmed [ICRA]AAA (Stable) rating for Rs 2,000 crore of Non-convertible debentures
Subordinated bonds and debt worth Rs 750 crore maintained their [ICRA]AAA (Stable) rating
New [ICRA]AAA (Stable) rating assigned to Rs 5,000 crore of long-term bank lines
Total credit facilities rated for the subsidiary BACL amount to Rs 7,750 crore

💡 Investors should note this as a positive development for Bajaj Auto's captive finance arm, as the top-notch rating will keep borrowing costs low. This strengthens the company's competitive position in the vehicle financing segment.

Bajaj Auto Subsidiary KTM AG Pre-pays Euro 450 Million Loan; Agreement Terminated

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 05 Mar 2026, 05:18 PM

KTM AG, a step-down subsidiary of Bajaj Auto, has pre-paid its outstanding Euro 450 million secured term loan to Bajaj Auto International Holdings BV. This loan was originally extended in May 2025 to facilitate the restructuring of KTM AG and its relevant subsidiaries. The full repayment has resulted in the formal termination of the facility agreement on March 5, 2026. This move reflects a strengthening financial position for the KTM business unit following its restructuring phase.

KTM AG pre-paid the entire outstanding amount of a Euro 450 million secured term loan
The loan was provided by BAIH BV, a 100% owned subsidiary of Bajaj Auto Limited
The facility was originally intended to fund the restructuring of KTM AG and its subsidiaries
The agreement, dated May 21, 2025, stands terminated effective March 5, 2026

💡 Investors should view this as a positive signal regarding KTM AG's liquidity and the successful progress of its restructuring efforts. No immediate action is required, but it improves the consolidated financial outlook.

Bajaj Auto Feb 2026 Total Sales Surge 27% YoY to 4.48 Lakh Units

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 02 Mar 2026, 08:56 AM

Bajaj Auto reported a robust 27% year-on-year growth in total sales for February 2026, reaching 4,48,259 units. The growth was consistent across segments, with domestic sales rising 27% and exports increasing by 28%. A standout performer was the Commercial Vehicle export segment, which grew by 43% during the month. Year-to-date (Apr-Feb) total sales are up 9%, supported by a strong 21% recovery in overall exports compared to the previous year.

Total monthly sales increased 27% YoY to 4,48,259 units from 3,52,071 units in February 2025.
2-Wheeler sales grew 27% overall, with domestic volumes at 1,86,164 units and exports at 1,93,757 units.
Commercial Vehicle exports showed significant momentum with 43% YoY growth in February and 52% YTD growth.
Total domestic sales for February 2026 stood at 2,32,581 units, a 27% jump over the previous year.
Year-to-date total sales reached 46,72,290 units, marking a 9% increase over the corresponding period last year.

💡 The strong double-digit growth across domestic and export markets indicates healthy demand and successful recovery in international geographies. Investors should maintain a positive outlook while monitoring the sustainability of domestic 2-wheeler growth which remains flat on a YTD basis.

Bajaj Auto Subsidiary KTM AG Secures €550 Million Refinancing Loan

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 27 Feb 2026, 11:46 PM

KTM AG, a step-down subsidiary of Bajaj Auto, has secured a €550 million (₹5,904.8 crore) unsecured loan from a consortium of four international banks. This 5-year facility will be used to repay a €450 million intra-group loan previously provided by Bajaj Auto's subsidiary during KTM's restructuring phase. The move shifts the debt burden from the parent group's internal books to external banking institutions, reflecting strong lender confidence. KTM AG reported a 60% increase in retail sales in H2 2025 and a reduction of 100,000 units in inventory, signaling an operational turnaround.

KTM AG secured a €550 million (₹5,904.8 crore) unsecured loan for a 5-year term.
Proceeds will repay a €450 million intra-group loan to Bajaj Auto International Holdings BV.
Lenders include DBS Bank, JP Morgan S.E., HSBC, and MUFG Bank Ltd.
Operational recovery noted with H2 2025 retail sales up 60% and inventory reduced by 100,000 units.
Interest rates are competitive, in the low to mid-single-digit percentage range.

💡 This refinancing validates KTM's turnaround and frees up Bajaj Auto's internal capital; investors should remain positive on the stock's long-term growth prospects.

Bajaj Auto's KTM AG Secures €550 Million Refinancing Loan to Strengthen Financial Base

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 27 Feb 2026, 11:39 PM

KTM AG, a step-down subsidiary of Bajaj Auto, has secured a €550 million (approx. ₹5,904.8 crore) unsecured loan from a consortium of four international banks. This 5-year facility will be used to repay a €450 million intra-group loan previously provided by Bajaj Auto for KTM's restructuring. The move shifts the debt burden from the parent group to external lenders, reflecting strong banking confidence in KTM's recovery. KTM reported a 60% increase in retail sales in H2 2025 and a reduction of over 100,000 units in inventory, signaling operational stabilization.

Secured €550 million (₹5,904.8 crore) unsecured loan with a 5-year tenure from DBS, JP Morgan, HSBC, and MUFG
Proceeds will repay a €450 million intra-group loan from Bajaj Auto International Holdings BV used for restructuring
Interest rate set at a competitive low to mid-single-digit percentage range (EURIBOR + margin)
Operational recovery noted with H2 2025 retail sales up 60% and inventory reduced by 100,000+ units

💡 Investors should view this as a positive sign of KTM's turnaround and reduced financial reliance on the parent company's balance sheet. Monitor if this leads to improved consolidated margins for Bajaj Auto as KTM stabilizes.

Bajaj Auto Subsidiary KTM AG Secures €550 Million Refinancing Loan

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 27 Feb 2026, 10:27 AM

KTM AG, a step-down subsidiary of Bajaj Auto, has secured a €550 million refinancing loan from an international banking consortium. This new 5-year unsecured loan replaces a €450 million loan previously provided by Bajaj Auto's international holding company in May 2025. The financing carries a low to mid-single-digit interest rate and marks the completion of KTM AG's financial restructuring. While the loan strengthens the subsidiary's foundation, it imposes market-standard restrictions on dividend distributions during its term.

KTM AG secured a €550 million unsecured loan from an international banking consortium
The loan refinances a €450 million debt previously owed to Bajaj Auto International Holdings B.V.
The new debt has a 5-year term with interest rates in the low to mid-single-digit percentage range
Dividend distributions from KTM AG are restricted during the 5-year loan tenure
This transaction completes the refinancing measures and financial restructuring of KTM AG

💡 Investors should view this as a positive development as it replaces internal group funding with external debt, de-risking Bajaj Auto's balance sheet. Monitor KTM AG's operational performance now that the financial restructuring phase is finalized.

Bajaj Auto Schedules Institutional Investor Meeting with Investec for March 12, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 04:51 PM

Bajaj Auto Limited has announced a group meeting with institutional investors scheduled for March 12, 2026. The meeting is organized by Investec and will be held physically in Pune. This disclosure is a routine regulatory requirement under SEBI Listing Regulations to ensure transparency in investor interactions. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this session.

Group meeting with institutional investors scheduled for March 12, 2026
Meeting organized by Investec to be held physically in Pune
Disclosure made under Regulation 30 of SEBI Listing Regulations, 2015
Company confirmed no Unpublished Price Sensitive Information (UPSI) will be shared

💡 Investors should watch for any post-meeting presentations or transcripts filed with the exchanges for potential updates on the company's business outlook. No immediate trading action is required based on this routine scheduling announcement.

Bajaj Auto Schedules Group Meeting with Investec for March 12, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 04:50 PM

Bajaj Auto Limited has informed the stock exchanges about a scheduled group meeting with Investec on March 12, 2026. The meeting is set to take place physically in Pune, following the regulatory disclosure requirements under SEBI Regulations, 2015. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during this interaction. Such meetings are standard practice for the company to engage with institutional investors and analysts.

Group meeting with Investec scheduled for March 12, 2026
Meeting to be held in physical mode at Pune location
Disclosure made under Regulation 30 of SEBI Listing Regulations, 2015
Confirmation that no Unpublished Price Sensitive Information (UPSI) will be shared

💡 This is a routine regulatory filing; no immediate action is required. Investors may look for any post-meeting presentations or transcripts on the exchange for potential insights into management's outlook.

Bajaj Auto Clarifies Routine Marketing Campaign; No Material Impact on Operations

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Feb 2026, 10:55 AM

Bajaj Auto has clarified to the exchanges that its partnership with VDO.AI and Dentsu India was for a routine digital marketing campaign for Triumph Motorcycles. The campaign, titled 'For Those Who Know The Difference,' was conducted between November 25 and December 16, 2025, and was not a new strategic development. The company stated that the news report was likely released by the publisher for award purposes and contains no undisclosed material information. This clarification follows a 3.39% rise in the company's stock price on February 25, 2026.

Clarified that the VDO.AI partnership was a routine marketing activity via vendor Dentsu India.
The Triumph Motorcycles campaign ran for approximately 3 weeks from Nov 25 to Dec 16, 2025.
Management confirmed no undisclosed price-sensitive information is pending despite a 3.39% price movement.
The news item was released by the publisher VDO.AI for digital marketing award aspirations.

💡 No action is required as the news is confirmed to be routine marketing; investors should maintain focus on fundamental earnings and monthly sales data.

Bajaj Auto Launches WEGO P9018 Electric 3W with Industry-High 296 Km Range

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 09 Feb 2026, 02:51 PM

Bajaj Auto has introduced the WEGO P9018, positioned as India's largest electric three-wheeler with a segment-leading range of 296 km. The vehicle features a significant 17.7 kWh battery and is priced at Rs. 4,41,247 (ex-showroom), targeting urban and rural last-mile mobility. This launch strengthens Bajaj's EV portfolio by addressing the need for high-capacity, long-range commercial vehicles. The product includes advanced features like a two-speed transmission and a 5-year warranty to ensure reliability and higher earnings for operators.

Industry-leading range of 296 km per single charge
Equipped with a large 17.7 kWh battery and upgraded Battery Management System
Priced at Rs. 4,41,247 (ex-showroom pan India) with a 5-year warranty
Features 36% gradability and a two-speed transmission for diverse terrains
Designed for highest passenger and luggage carrying capability in the segment

💡 Investors should monitor the market reception and sales volume of this premium electric three-wheeler as it could drive market share gains in the EV segment. The high-range specification provides a competitive edge over existing players in the last-mile transport industry.

Bajaj Auto Q3 FY26: Record Revenue of ₹15,000 Cr and PAT of ₹2,500 Cr; EV Margins Hit Double Digits

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 06 Feb 2026, 04:59 PM

Bajaj Auto delivered a record-breaking Q3 FY26 with revenue growing 19% YoY to over ₹15,000 crores and PAT crossing ₹2,500 crores. A significant milestone was achieved in the EV segment, which now contributes 25% of domestic revenue and has reached double-digit EBITDA margins. Export volumes saw a strong recovery, surpassing 600,000 units for the first time in 15 quarters, while the premium Pro-Biking segment grew by 50% YoY. Management is aggressively targeting the 125cc+ motorcycle segment with 8 new launches planned over the next four months.

All-time high quarterly revenue of ₹15,000+ crores and EBITDA of ₹3,100+ crores (20.8% margin).
EV portfolio (Chetak and E-Autos) achieved double-digit EBITDA margins with combined quarterly revenue exceeding ₹2,000 crores.
Export volumes grew 18% YoY, maintaining a 200,000 units per month run rate for the first time in 40 months.
Ownership in KTM Austria increased to 75%, with a liquidity and cost-reduction turnaround plan in motion.
Retail finance subsidiary BACL reported an AUM of ₹16,000+ crores and a quarterly PAT of ₹200 crores.

💡 Investors should note the successful scaling of the EV business into a profitable venture and the robust recovery in export markets. The stock remains a strong play on the premiumization of the Indian two-wheeler market and global recovery.

Bajaj Auto Updates Official Email ID for CFO Dinesh Thapar

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 04 Feb 2026, 10:19 AM

Bajaj Auto Limited has informed the stock exchanges regarding a change in the official contact information for its Chief Financial Officer. Effective February 4, 2026, the new official email ID for Mr. Dinesh Thapar, the CFO, is cfo@bajajauto.co.in. This disclosure is a procedural requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This administrative update has no impact on the company's financial standing or business operations.

Official email ID of CFO Mr. Dinesh Thapar changed to cfo@bajajauto.co.in
Notification issued on February 4, 2026, to BSE and NSE
Compliance filing under Regulation 30 of SEBI LODR Regulations
Purely administrative update with no operational impact

💡 No action is required from investors as this is a routine administrative filing. Focus should remain on the company's monthly sales volume data and quarterly financial performance.

Bajaj Auto to Participate in Kotak Chasing Growth 2026 Conference on February 23

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Feb 2026, 05:11 PM

Bajaj Auto Limited has announced its participation in the Kotak Chasing Growth 2026 Conference scheduled for February 23, 2026. The meeting will be held in a physical format in Mumbai and involves interactions with institutional investors and analysts. This disclosure is a routine compliance filing under Regulation 30 of the SEBI Listing Regulations. The company has explicitly stated that no unpublished price sensitive information will be shared during the proceedings.

Participation in the Kotak Chasing Growth 2026 Conference on February 23, 2026
The interaction will be conducted via physical mode in Mumbai
Compliance with Regulation 30 and Schedule III of SEBI Listing Regulations, 2015
Company confirms no Unpublished Price Sensitive Information (UPSI) will be disclosed

💡 Investors should monitor the exchange filings post-conference for any investor presentations or transcripts that may provide insights into the company's growth outlook. No immediate portfolio action is required based on this scheduling announcement.

Bajaj Auto to Attend Kotak Chasing Growth 2026 Conference on February 23

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Feb 2026, 05:10 PM

Bajaj Auto Limited has scheduled a physical meeting with analysts and institutional investors on February 23, 2026. The company will be participating in the 'Kotak Chasing Growth 2026 Conference' held in Mumbai. This disclosure is a routine compliance filing under Regulation 30 of the SEBI Listing Regulations. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction.

Meeting scheduled for February 23, 2026, in Mumbai
Participation in the Kotak Chasing Growth 2026 Conference
Physical mode of interaction with institutional investors and analysts
Compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
No Unpublished Price Sensitive Information (UPSI) to be disclosed

💡 Investors should monitor for any post-conference transcripts or management commentary that may provide insights into the company's growth outlook. No immediate action is required as this is a routine investor relations event.

Bajaj Auto to Participate in Kotak Chasing Growth 2026 Conference on February 23

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Feb 2026, 05:09 PM

Bajaj Auto Limited has scheduled a meeting with institutional investors and analysts for February 23, 2026. The company will be participating in the 'Kotak Chasing Growth 2026 Conference' held in Mumbai. This interaction will be conducted in a physical mode as per the regulatory filing. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during the event.

Meeting scheduled for February 23, 2026, at the Kotak Chasing Growth 2026 Conference
The interaction will be held in a physical format in Mumbai
Disclosure made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Company confirmed that no Unpublished Price Sensitive Information will be disclosed

💡 Investors should monitor the exchange filings after February 23 for any investor presentations or management commentary shared during the conference. No immediate action is required as this is a routine investor relations update.

View All BAJAJ-AUTO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Domestic motorcycles industry grew 5% in FY25. Exports rebounded with 13.9% volume growth (1.86 million units) and double-digit revenue growth. In Q2 FY26, commercial vehicle exports grew 67% YoY, while the spares business reached an all-time high of INR 1,800 Cr, growing 21% YoY. EV revenues contributed 18% of domestic revenue, totaling over INR 1,700 Cr in Q2 FY26.

Geographic Revenue Split

Exports constituted 33.7% of total sales in FY25, up from 33.2% in FY24. The LATAM region recorded its highest-ever motorcycle sales. In Q2 FY26, the top 30 overseas markets (70% of emerging markets) grew 14%, while Bajaj's sales grew 1.5 times that rate. Brazil retails crossed 3,000 units in October 2025.

Profitability Margins

Operating margin rose to 20.2% in FY25 from 19.7% in FY24. Standalone PAT for Q2 FY26 was INR 2,500 Cr (up 24% YoY), while consolidated PAT grew 53% YoY to over INR 2,100 Cr. The higher consolidated growth is due to BACL and Brazil subsidiaries turning profitable compared to losses in the base period.

EBITDA Margin

EBITDA margin for Q2 FY26 reached 20.5%, expanding by 70 basis points sequentially. Quarterly EBITDA crossed the INR 3,000 Cr milestone for the first time, a 15% YoY increase, driven by favorable dollar realization and a richer product mix.

Capital Expenditure

Strategic investments totaled over INR 2,000 Cr in H1 FY26, including INR 1,500 Cr for the KTM acquisition and INR 500 Cr infused into Bajaj Auto Credit Ltd (BACL). Dividend payout in July/August 2025 was approximately INR 6,000 Cr.

Credit Rating & Borrowing

Bajaj Auto Credit Ltd (BACL) enjoys the highest creditworthiness with a AAA rating. The parent company maintains a debt-free standalone balance sheet with a surplus cash position of over INR 18,000 Cr as of March 31, 2025.

⚙️ Operational Drivers

Raw Materials

Specific raw materials include steel, noble metals (rhodium and platinum), copper, and rubber. Inflation in these commodities, particularly a sharp rise in noble metals and steel, impacted the cost structure in recent quarters.

Capacity Expansion

Current total capacity is 7.2 million units per annum. Waluj: 2.7M motorcycles and 1.02M CVs; Chakan 1: 0.9M motorcycles; Chakan 2: 0.3M motorcycles (KTM/Triumph); Pantnagar: 1.8M motorcycles; Chakan/Akurdi: 0.48M scooters.

Raw Material Costs

Raw material costs were impacted by a step-up in steel prices and sharp inflation in rhodium and platinum. The company manages these through pricing actions and a richer product mix to offset the impact on the 20.5% EBITDA margin.

Manufacturing Efficiency

Manufacturing efficiency is driven by robotics and automation. 24 international distributor plants now practice TPM, leading to improved productivity and first-time-right quality.

Logistics & Distribution

Distribution network includes 390 exclusive Chetak stores and 4,000 points of sale across 800 cities to support EV leadership.

📈 Strategic Growth

Expected Growth Rate

15-20%

Growth Strategy

Growth will be achieved by outpacing the industry in the 125cc+ motorcycle segment, expanding the Chetak EV network to 800 cities, and scaling the Brazil subsidiary (currently 3,000 units/month). The company is also consolidating KTM to move to full line-level consolidation and launching new variants of Pulsar and Triumph to leverage GST rate cuts.

Products & Services

Motorcycles (100cc to 400cc+), Electric Scooters, Three-wheeler Commercial Vehicles (Passenger and Cargo), Electric Three-wheelers, Spare Parts, and Financing Services via BACL.

Brand Portfolio

Pulsar, Dominar, KTM, Husqvarna, Triumph, Chetak, Freedom (CNG), GoGo (E-3W), Boxer, Platina, CT, Discover, Avenger, Maxima, Yulu.

New Products/Services

World's first CNG bike (Freedom), GoGo brand for electric 3-wheelers, and upcoming new Chetak models. EV portfolio (3W, Chetak, Yulu) now delivers 20% of domestic revenue with double-digit EBITDA.

Market Expansion

Expansion in Brazil with a new plant featuring high localization (welding/painting). Targeting 15-20% sustained export growth with a focus on 30 key emerging markets.

Market Share & Ranking

Domestic 3W market share is 75% overall and 80% in passenger carriers. Chetak regained the #1 position in Vahan registrations in October 2025. 3W EV market share trebled in FY25.

Strategic Alliances

Partnerships with KTM (Austria) and Triumph (UK) for co-developed premium motorcycles. Collaboration with Yulu for electric micro-mobility.

🌍 External Factors

Industry Trends

The industry is seeing a sharp 'up-trading' trend where consumers prefer premium variants (e.g., NS-125 over base 125cc). The EV 3W segment is growing at 50%+, while E-Ricks are declining due to RTO restrictions and up-trading to E-Autos.

Competitive Landscape

Faces competition in the premium segment from domestic and international players; navigating this through disciplined execution and brand activation for KTM and Triumph.

Competitive Moat

Moat is built on brand equity (Pulsar/Chetak), a dominant 75-80% share in the 3W segment, and a robust global distribution network. Sustainability is driven by being the first mover in CNG motorcycles and rapid EV scaling.

Macro Economic Sensitivity

Highly sensitive to GST rate changes; a reduction from 28% to 18% on <350cc bikes contributed to an 8-9% swing in industry growth during the 2025 festive season.

Consumer Behavior

Shift toward 'aspirational purchase' triggered by GST cuts, with customers opting for double-channel ABS and USD fork models in the 150cc-160cc segment.

Geopolitical Risks

Geopolitical shifts and trade barriers in key markets like Nigeria (which is currently in a recovery phase) impact export volumes.

⚖️ Regulatory & Governance

Industry Regulations

GST rate rationalization (18% for <350cc vs 40% for >350cc). New RTO restrictions in Northern India are impacting E-Rickshaw volumes, favoring the company's E-Auto models.

Taxation Policy Impact

One-time exceptional tax provision of INR 211 Cr was created in FY24 due to the withdrawal of indexation benefits and changes in tax rates on asset classes.

⚠️ Risk Analysis

Key Uncertainties

Margin pressures from a strengthening rupee and an increasingly competitive landscape. Seasonality in European markets (KTM) typically sees a dip in the first calendar quarter.