Rakesh Sharma
Joint Managing Director
Promise Delivery Record
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q4 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q4 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q2 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q2 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q2 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q1 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q1 FY26Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q4 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q4 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q4 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q4 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q2 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q2 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q2 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q1 FY25Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q1 FY25Current-quarter results and commentary indicate the prior promise was delivered or materially on track.
Bajaj Auto · Q4 FY24Current-quarter results and commentary indicate the prior promise was delivered or materially on track.
Bajaj Auto · Q4 FY24Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY24Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY24Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY24Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q3 FY24Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q2 FY24Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q2 FY24Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
Bajaj Auto · Q2 FY24Notable Quotes
We are looking at moving the exports needle to 220,000 units per month this quarter up from the 200,000 levels and this despite the loss of business in the Gulf region.
We have now reached a position where we think a substantive increase in capacity in Chetak is needed.
We closed the quarter with a top line of over INR 15,000 crore, an all-time high with 19% growth. EBITDA came in at over INR 3,100 crore at 20.8%, another all-time high, and PAT crossed INR 2,500 crore, yet another all-time high.
The EV business now delivers double-digit EBITDA margins while improving unit economics as the portfolio continues to scale.
We closed the quarter with a top line of almost INR 15,000 crore, growing at 14%, an all-time high. EBITDA crossed INR 3,000 crore, another all-time high, with the EBITDA percentage of 20.5%.
We have shifted to the more secure LRE-based components as well as alternate geographic sources, restoring supplies by end September and fully in October.
We are clocking the highest ever retail outside Nigeria. If Nigeria starts to come back, it will give a very decisive step up to exports.
We will remain focused on growing our share in 125cc+ segments through concentration of our resources and efforts.
FY 2025 has again set new benchmarks, with revenue hitting the peak of INR 50,000 crore for the first time, EBITDA crossing the INR 10,000 crore milestone also for the first time, steady margins at 20.2% EBITDA margins for all the four quarters and thus for the year.
The arc of CapEx performance has been the steepest in the industry. From a market share of 13% in Q4 FY 2024, Chetak has plopped a market share of 25% in Q4 FY 2025, a rise of 12 percentage points on the back of the launch of the highly successful 35 series platform in end December.
This is the fifth successive quarter of 20%+ EBITDA, and that too with a growing EV portfolio, which now stands at 22% of domestic revenue.
The green energy portfolio, comprising greener fuels of electric and CNG across two-wheelers and three-wheelers, is at 44% of our domestic revenue.