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Bajaj Auto
Bajaj Auto on Tuesday said it has received a tax demand of Rs 34.74 crore on account of the alleged misclassification of spare parts supplied by it. The order issued by the office of Deputy Commissioner, Rudrapur, Uttarakhand, also imposed a penalty amounting to Rs 3.47 crore, the Pune-based firm said in a regulatory filing. According to tax authorities, the company, being a manufacturer of automobiles, the spare parts being a customised product, only used in the manufacturing of vehicles, would get classified as auto parts, disregarding the principle of general rules of interpretation, the company said. Bajaj Auto believes that it has a very strong case on merit as it has been rightly classifying the parts and accessories for more than three decades, following the General Rules of Interpretation, relevant section notes, chapter notes and HSN Explanatory notes, which are supported by various judicial precedents. Therefore, the company stated that it believes the tax demand is not .
Bajaj Auto on Monday reported 1 per cent year-on-year dip in domestic two-wheeler sales at 2,02,510 units in November as compared with 2,03,611 units in the year-ago period. The company reported a 8 per cent year-on-year growth in total vehicle wholesales, including exports, at 4,53,273 units in November. The Pune-based automaker had sold 4,21,640 vehicles in November last year, according to a regulatory filing. Total domestic sales (including commercial vehicles) increased 3 per cent to 2,47,516 units in November compared to 2,40,854 units sold in the corresponding month last year. Total exports for November rose 14 per cent year-on-year to 2,05,757 vehicles from 1,80,786 units in the year-ago period, according to the filing. Total two-wheeler sales, including exports, increased 3 per cent year-on-year to 3,79,714 units in November.
Bajaj Auto Ltd, which made its foray into the e-rickshaw segment with Riki this year, plans to increase its presence in 200 cities by January to March next year, according to a senior company official. The company, which started a pilot test of Riki with four cities, has now scaled up its presence to eight at present as part of phase I, Bajaj Auto Executive Director Rakesh Sharma told PTI. "We've launched it in four cities, now it has become eight cities, including Patna, Moradabad, Guwahati, and Raipur... We are right now in phase one, where for another month or so we will be observing it as to what is the feedback from the customers, and what should be the communication and promotion strategy," Sharma said when asked about pan-India expansion plans for the Riki. After that, he said, "In the January, February, March period, we will scale up our presence from eight to 200 cities and towns. Once we see the traction there, then we will start to get into numbers and what kind of volume
Bajaj Auto Ltd on Wednesday announced the completion of acquisition of a majority stake in Austrian bike maker KTM following receipt of necessary approvals from European regulators for its 800-million euro transaction. The company has also changed the name of Pierer Bajaj AG (PBAG) to Bajaj Auto International Holdings AG and PIERER Mobility AG (PMAG) -- the holding company of KTM AG, the shares of which are listed on SIX Swiss Exchange in Zurich and Vienna Stock Exchange -- to Bajaj Mobility AG, Bajaj Auto said in a regulatory filing. Earlier this month the company had stated that out of nine regulatory approvals it had received eight and on November 10, it had received notification from the European Commission for the same. In May this year, Bajaj Auto announced its intention to acquire a majority stake in KTM through its wholly-owned subsidiary Bajaj Auto International Holdings BV, which has arranged a debt funding package of 800 million euro (about Rs 7,765 crore), to shift gear
Bajaj Auto, which is set to take majority control of KTM AG, is looking at various options, including moving more production to India and job cuts as part of plans to reduce costs at the financially troubled Austrian bike maker, a senior company official said on Friday. The Pune-based two and three-wheeler maker is expected to get required regulatory approvals and gain majority control over KTM AG by mid-November, Bajaj Auto Executive Director Rakesh Sharma told reporters in a Q2 earnings call. "We have made an application for taking majority control over KTM AG, and we have submitted our application. There are some nine approvals which are needed from various commissions in Europe, and eight of them have been secured," he said. He further said, "The ninth one should also be through, hopefully by mid-November, which is when the turnaround can start, to be very actively led and directed by us." Responding to a query on whether it made sense for KTM to continue manufacturing operatio
Bajaj Auto on Friday said the Austrian Takeover Commission has approved its subsidiary's acquisition of Pierer Mobility AG, the holding company of KTM AG. The commission ruled that Bajaj Auto International Holdings BV (BAIH), a wholly-owned subsidiary of the Pune-based firm, is under no obligation to make a mandatory takeover bid to the shareholders of the Pierer Mobility AG. Bajaj Auto through Bajaj Auto BV holds a 49.9 per cent stake in its associate - - Pierer Bajaj AG (PBAG) in Austria. The remaining controlling stake in PBAG is held by Pierer Industrie AG. PBAG holds a nearly 75 per cent stake in its subsidiary, Pierer Mobility AG (PMAG). "We hereby inform that the Austrian Takeover Commission on 23rd October 2025 has confirmed the restructuring privilege for the acquisition of control by Bajaj Auto International Holdings B.V. with no obligation to make a mandatory takeover bid to the shareholders of PIERER Mobility AG," Bajaj Auto said in a regulatory filing. Besides Austrian
Bajaj Auto on Tuesday said it has received a tax demand of over Rs 3.5 crore from Assam authorities. The company has received an order for excess input tax credit availed in GSTR-3B as compared to GSTR-2A for FY 21-22, and demanded the difference as tax amounting to Rs 3,51,87,014 along with applicable interest and penalty of Rs 35,18,701, the Pune-based firm said in a regulatory filing. The company availed input tax credit after fulfilling all the conditions as per the provisions of the GST law, it added. Accordingly, based on the merits of the case, the company will be filing an appeal against the Order, Bajaj Auto said. The order does not have any major financial implications on the company, it added. Bajaj Auto shares on Tuesday ended 1.25 per cent up at Rs 8,903.90 apiece on BSE.
Congress leader Rahul Gandhi on Friday said two-wheeler manufacturers Bajaj, Hero and TVS were doing well in Colombia and asserted that it shows Indian companies can win with innovation, not cronyism. Gandhi, who is in Colombia during his four-nation tour of South America, posted a picture on X standing in front of a Bajaj Pulsar motorcycle. "Proud to see Bajaj, Hero & TVS do so well in Colombia. Shows Indian companies can win with innovation, not cronyism. Great job," the Leader of Opposition in the Lok Sabha said. Speaking at a seminar titled 'The Future is Today' at the EIA University in Medellin, Colombia, Gandhi had slammed the idea of three or four businesses taking over the whole economy. During the seminar on Wednesday, Gandhi said India has a much more complex system as compared to China and its strengths are very different from that of the neighbouring country. India also has a very old spiritual tradition and a thought system with profound ideas that are useful in ...
Bajaj Auto on Wednesday reported a 9 per cent year-on-year growth in total sales, including exports, to 5,10,504 units in September. The Pune-based automobile firm had posted total sales of 4,69,531 vehicles in September 2024, Bajaj Auto said in a regulatory filing. Total domestic sales, including commercial vehicles, stood at 3,25,252 units last month, as compared to 3,11,887 units in the year-ago period, a growth of 4 per cent. Exports during the month under review jumped 18 per cent to 1,85,252 vehicles, from 1,57,644 vehicles in the year-ago period, the company said. Sales of two-wheelers in the domestic market rose by 5 per cent year-on-year to 2,73,188 units in September, as against 2,59,333 units in the same month last year.