Supply chain constraints in EV components
Chetak and e-auto faced 50% and 15% shortfall from plan due to rare earth magnet and e-component shortages, respectively.
high · management_commentaryBajaj Auto Ltd — Q2 FY26
Bajaj Auto delivered a record quarter with revenue of ~INR 15,000 crore (+14% YoY), EBITDA of INR 3,000 crore (margin 20.5%), and PAT of INR 2,500 crore (+24% YoY).
bullish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
GST disparity on >350cc motorcycles
GST on >350cc models increased from 31% to 40%, creating a cost disadvantage vs sub-350cc models, impacting KTM and Triumph competitiveness.
medium · management_commentaryABS mandate cost impact
Potential mandatory ABS on all two-wheelers could add INR 2,000-3,000 per vehicle, with industry capacity concerns; government meeting on Nov 11.
medium · analyst_questionCNG motorcycle adoption slower than expected
CNG motorcycle demand slowed due to underfilling issues at pumps and limited network density, requiring go-to-market adjustments.
low · management_commentary