Bajaj Auto Q1 Profits Rev Up on Strong Exports and Growing Electric Scooters

started FY26 on a solid note, posting a 14% rise in consolidated profit after tax (PAT) to ₹2,210 crore for April–June 2025, compared to ₹1,942 crore last year. This impressive growth was driven by robust exports, higher sales of premium bikes, and a surge in Chetak electric scooters. Total revenue from operations grew 10% to ₹13,133 crore versus ₹11,932 crore last year, despite total expenses also increasing to ₹10,682 crore from ₹9,704 crore. While domestic vehicle sales slipped 8% to 6.35 lakh units, exports proved to be a bright spot, jumping 16% to 4.76 lakh vehicles—highlighting Bajaj’s strong foothold in international markets. Overall, total vehicle sales rose modestly by 1%, reaching 11.11 lakh units this quarter. A major story this quarter has been the booming demand for Bajaj’s Chetak electric scooter, with retail volumes more than doubling from last year. Electric vehicles now account for over 20% of domestic revenue, up from the low teens last year—a clear sign that Bajaj is gaining momentum in the EV market. However, the company did mention that supply issues for rare earth magnets, essential for EVs, began to surface late in the quarter. Bajaj’s strategy in premium motorcycles paid off as well, with KTM and Triumph sales in India rising 20%, crossing 25,000 bikes. The focused push in the 125cc motorcycle segment also resulted in higher market share and strong quarter-on-quarter growth. The company ended the quarter with a healthy cash balance of ₹16,726 crore, even after investing in its own lending business (Bajaj Auto Credit) and supporting an international KTM transaction. Bottom Line: Bajaj Auto’s first-quarter results show the company is firing on all cylinders internationally, rapidly expanding its electric scooter presence, and maintaining its leadership in premium motorcycles, positioning itself strongly for the rest of the year.