Bajaj Auto resumes deliveries of its Chetak electric scooter after overcoming global supply disruptions, securing sufficient rare earth magnets for the upcoming festive season
Bajaj Auto on Friday said it has resumed supplies of its electric scooter, Chetak, across all dealerships after overcoming constraints caused by global rare earth magnet availability. In recent weeks, temporary supply constraints linked to international component availability had moderated deliveries. The sustained and growing demand for Chetak added further pressure on supply, Bajaj Auto said in a statement. Production and shipments recommenced on August 20, marking a faster-than-anticipated return to full capacity, it added. Further, Bajaj Auto said it has "secured sufficient supply of rare earth magnets and other key materials to ensure availability during the upcoming festive season". "Demand for Chetak remains robust, supplies have normalised, and deliveries against bookings have commenced. We are scaling up production to meet rising demand while staying true to our standards of quality and customer delight," Bajaj Auto President - Urbanite Business Unit, Eric Vas said. China
The quarter saw Bajaj Auto revenues grow 6 per cent year-on-year to ₹12,580 crore, and Ebitda rise 3 per cent to ₹2,480 crore, slightly ahead of consensus.
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Executive Director Rakesh Sharma told reporters in post-earnings call that they have already cut their e-2W production by as much as 50 per cent in July
Bajaj Auto posts Rs 2,210 crore net profit in Q1FY26, up 14% Y-o-Y, with revenue rising 10% to Rs 13,133 crore, fuelled by strong exports, premium motorcycles, and EV sales
Bajaj Auto Ltd on Wednesday reported a 13.84 per cent rise in consolidated profit after tax at Rs 2,210.44 crore in the first quarter ended June 30, 2025, riding on robust exports and increased sales of premium motorcycles, commercial vehicles and Chetak electric scooter. The company had posted a consolidated profit after tax of Rs 1,941.79 crore in the same period last fiscal, Bajaj Auto said in a regulatory filing. Consolidated total revenue from operations in the quarter under review stood at Rs 13,133.35 crore as against Rs 11,932.07 crore in the year-ago period, it added. Total expenses in the quarter were higher at Rs 10,681.68 crore in the first quarter as compared to Rs 9,703.61 crore in the corresponding period last fiscal, Bajaj Auto said. Resurgent exports and scaling up of the emerging electric portfolio more than made up for the domestic motorcycle performance, which, although improving over the previous quarter, had a subduing effect on the overall growth, it added.
In July 2025, Bajaj Auto's total sales rose 3 per cent Y-o-Y to 3,66,000 units compared to 3,54,169 units in July 2024.
Tractors emerged as the lone outperformer, posting a robust 10 per cent Y-o-Y rise, ahead of Nomura's 6 per cent projection.
Nomura said Hero MotoCorp will be hit hardest, with 99 per cent of its sales from sub-125cc bikes. Honda India follows at 89 per cent, TVS Motor at 86 per cent, and Bajaj Auto at 72 per cent.
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Auto stocks fell in trade on Friday with Nifty Auto plunging over 2 per cent as US President Donald Trump warns to hike auto tariffs
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Analysts estimate a 4 to 7 per cent rise in FY26, driven by product innovation, supportive policy frameworks, and increasing mobility needs in emerging markets
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Bajaj Auto's total revenue from operations increased 5.8 per cent Y-o-Y to ₹12,148 crore in Q4FY25, from ₹11,484.7 crore a year ago.
Analysts at Nomura also flagged a looming production risk starting June, arising from China's export restrictions on rare earth magnets-used across both EV and ICE components.
The decline in the net profit was attributed to subdued performance in the domestic motorcycle market
However, the two-wheeler manufacturer's revenue from operations increased by 8.5 per cent YoY to ₹12,204.49 crore in the Q4FY25, it had posted ₹11,249.80 crore revenue in the same quarter last year