Bajaj

Bajaj Holdings Q1 results: PAT doubles to ₹3,487 cr on strong investments

Bajaj Holdings & Investment Ltd (BHIL) on Wednesday reported a doubling of consolidated profit to Rs 3,487 crore for the first quarter ended June 30. The company, registered as a Non-Banking Financial Company (NBFC), had earned Rs 1,610 crore in the same quarter a year ago. Total income during the quarter also more than doubled to Rs 338 crore against Rs 148 crore in the first quarter of the previous year, BHIL said in a regulatory filing. However, total expenses declined to Rs 49 crore from Rs 70 crore in the year-ago period. BHIL holds strategic stakes in Bajaj Auto Ltd, Bajaj Finserv Ltd and Maharashtra Scooters Ltd, which it consolidates with other group companies. It has financial investments of over Rs 17,000 crore (at market value). BHIL also has a wholly owned subsidiary, viz. Bajaj Auto Holdings Ltd, which has an investment in group company. On March 17, 2025, Bajaj Finserv Ltd (BFS), an associate company of BHIL, signed Share Purchase Agreements (SPAs) for BFS (together

Bajaj Finserv sets new target of 250 million customers within four years

Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected

Bajaj Markets joins ONDC network; brings 16 million traffic to network

Bajaj Markets, a digital marketplace for financial products and services, on Thursday announced its integration with the Open Network for Digital Commerce (ONDC), making the network accessible to its customers on the Bajaj Markets app and its website. This integration makes Bajaj Finserv arm Bajaj Markets a buyer network participant on ONDC Network. Customers on the Bajaj Markets app and web can now seamlessly shop for electronics and appliances on ONDC Network, in addition to financial products and services on the Bajaj Markets platform, a statement said. It allows Bajaj Markets 16 million traffic to access ONDC's decentralised network, offering a wide selection of premium electronics and appliances, along with flexible financing options. Bajaj Markets started with an aim to bring consumers of financial services and providers on a single platform, making it not only convenient for customers to compare, choose and buy, but also transact digitally, it said. The integration with OND

Bajaj Finance Q4FY25 results: Net profit rises 19% to Rs 4,546 crore

Elevates three Presidents as Dy CEOs

Bajaj Auto non-executive director Madhur Bajaj passes away at the age of 63

Madhur Bajaj, non-executive director at Bajaj Auto Ltd, died at a hospital here on Friday morning, according to company sources. He was 63. Bajaj had been admitted to Breach Candy Hospital in South Mumbai a few days back due to a health issue, the sources said, adding that he suffered a stroke two days ago. He died at the hospital around 5 am on Friday, they added. Further details are awaited.

Bajaj hits record sales of over 26,000 vehicles on Gudi Padwa weekend

According to the company, it also broke all records for sales in Maharashtra too over the weekend from March 29 to 30 on the festival heralding new year for Maharashtrians

Bajaj Electricals gets Rs 14.08 cr demand from GST authority in Punjab

Bajaj Electricals Ltd on Friday said it has received a demand of Rs 14.08 crore from GST authority in Punjab for alleged mismatch in input tax credit (ITC) claimed by it. In a regulatory filing, Bajaj Electricals Ltd said it has received an assessment order dated February 20, 2025, from the Office of the Assistant Commissioner, Mohali, Punjab alleging liability on reverse charge mechanism, a mismatch in the input tax credit (ITC) claimed by it during FY 2020-21. "Consequently, a total demand of Rs 14.08 crore has been imposed on the company, which includes an alleged tax demand of Rs 7.45 crore, interest of Rs. 5.89 crore, and a general penalty of Rs 75 lakh," it said. The company is currently exploring various legal options and necessary steps, including filing an appeal before the relevant appellate authority, the filing said, adding there is no impact on financial operations or any other activities due to this.

Bajaj Group likely to make an investment of Rs 10,000 cr for hospital chain

Bajaj's move coincides with growth in Indian health care as the nation's wealth and insurance coverage increases and the number of people reaching retirement age accelerates

Bajaj Auto to take 'legal action' after it gets over Rs 10 cr GST penalty

Bajaj Auto Ltd on Friday said it has been imposed penalty and interest of over Rs 10 crore by the tax authority in a matter related to differential GST on classification of instruments cluster and will legally challenge it. The Joint Commissioner, Central GST, Pune -- II Commissionerate passed an order confirming classification of instruments cluster under HSN code 8708/8714 for the period July 2017 to March 2022, as against classification of 9029 adopted by the company, Bajaj Auto said in a regulatory filing. "The order has confirmed demand of differential GST amounting to Rs 10,03,91,402. The Joint Commissioner has appropriated and adjusted the said demand against the tax deposited by the company," it said. Bajaj Auto further said, "the order has also confirmed applicable interest and equivalent penalty of Rs 10,03,91,402 and general penalty of Rs 25,000, resulting in an overall penalty of Rs 10,04,16,402." The company said it "believes that the order passed by the Joint ...

Bajaj Chetak 35 series scooter launched in India; view features and more

Bajaj Chetak EV launch: With the release of an improved electric scooter line, Bajaj Auto is set to achieve yet another significant milestone for the iconic Chetak scooter with its brand-new series

We should double in size in 5 years, says Bajaj Finance MD Rajeev Jain

We have unveiled our AI technology transformation strategy. And we have, in general, as a firm, been huge beneficiaries of using technology early, Rajeev Jain said

Bajaj Auto posts 5% growth in total vehicle sales at 421,640 units in Nov

Bajaj Auto Ltd on Monday reported a 5 per cent on-year growth in total vehicle sales, including exports, at 4,21,640 units in November. The Pune-based automaker had sold 4,03,003 units in November 2023, according to a company statement. Total domestic sales (including commercial vehicles) declined 7 per cent at 2,40,854 units in the previous month, as compared to 2,57,744 units sold in the same month last year. Total exports during the month under review rose 24 per cent at 1,80,786 units, from 1,45,259 vehicles shipped out to overseas markets in November 2023, according to the statement. The total two-wheeler volume (domestic and exports) in November 2024 stood at 3,68,076 units, an increase of 5 cent over 3,49,048 units sold in the same month of last year, Bajaj Auto said. Domestic two-wheeler sales declined 7 per cent to 2,03,611 units, from 2,18,597 units in November 2023. The two-wheeler exports logged a 26 per cent year-on-year growth at 1,64,465 vehicles in November, as ..

Startups are like upstarts, they end up burning strategy: Rajiv Bajaj

The biggest difference between established brands and many startups and is while the former build strategy, brand, and technology, the latter are more like upstarts that end up burning the same things, Bajaj Auto Managing Director Rajiv Bajaj said on Thursday. "There are three terminologies here. Startup; then there is a word which I like to call most of them, which is upstart. Then us, the winners or the champions," Bajaj said while speaking at the CNBCTV18 Global Leadership Summit here. He said those who enter a market without a strategy are "upstarts" and end up burning everything -- from their brand and technology to products. "Upstarts are those who don't have a build-strategy. They have a burn strategy. They burn technology -- their batteries. They burn brands by reducing price every month. They burn products in their factory, in the trucks, at the dealerships, on the road," he said. On the contrary, he said, "startups are those who have built a strategy. They build technolog

Bajaj Finserv Q2 net profit rises 8% to Rs 2,087 cr; interest income jumps

Revenue increased by 30% to Rs 33,704 cr, says holding company of Bajaj group's financial services and insurance businesses

Allianz actively considering exiting insurance JVs: Bajaj Finserv

Allianz's stake in both the life and general insurance companies is pegged at Rs 30,000 crore, according to Emkay report

Bajaj Auto Q2 results: Profit dips 31% to Rs 1,385 cr, revenue at Rs 13k cr

The domestic business achieved record-high revenue growth in double digits for the tenth consecutive quarter, driven by growth across motorcycles, commercial vehicles, and electric scooters

Bajaj Steel hits 52-week high as board approves 3:1 bonus share issue

Bajaj Steel will allot three shares of Rs 5 face value each to shareholders for every one existing share they hold

Need to hike provision for deferred tax by Rs 211 cr, says Bajaj Auto

Bajaj Auto Ltd on Monday said it will need to increase its provision for deferred tax by Rs 211 crore due to the withdrawal of indexation benefit and change in the tax rate on long-term capital gains on debt mutual fund. The company invests its surplus funds into a range of asset classes, including debt mutual funds. It was making accounting provisions for deferred tax as per applicable law on fair value gains on these investments, Bajaj Auto said in a regulatory filing. A one-time impact will be made while computing the profit after tax, and reporting the financial results for Q2 of FY25, it added. Bajaj Auto said the Finance (No 2) Act 2024 withdraws the indexation benefit on long-term capital gains on debt mutual funds purchased before 1 April 2023. "Further, the tax rate with respect to long-term capital gains for the said asset class has been changed from 20 per cent plus surcharge and cess (with indexation) to 12.5 per cent plus surcharge and cess (without indexation)," it ..

How 2W market incumbents Bajaj and TVS are flexing their electric muscle

Bajaj and TVS appear to have picked up the gauntlet, taking on Ola in the sub-Rs 1 lakh e2W market - a segment they had kept away from and where Ola reigned supreme

Bajaj Electricals Q1FY25 results: Net profit falls 25% to Rs 28.1 cr

Bajaj Electricals results fall short of expectations in first-quarter, hurt by dampened demand for kitchen appliances and price erosion in key lighting segment