BAJAJ-AUTO

June 15 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S MAY TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,38,854 UNITS

• SIAM - INDIA'S MAY 3-WHEELER SALES 70,720 UNITS

• SIAM - INDIA'S MAY 2-WHEELER SALES 19,02,209 UNITS

• SIAM - LOWER BASE EFFECT OF PREVIOUS MAY, DEMAND CREATED DUE TO REDUCED GST RATES GETTING REFLECTED IN HIGHER OFF-TAKE THIS MONTH

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June 9 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• BAJAJ AUTO - ORDER SETS ASIDE TAX DEMAND OF 35.2 MILLION RUPEES AND PENALTY OF 3.5 MILLION RUPEES

Source text: ID:nBSE9FxQk6

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June 8 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA AUTODEALERS BODY FADA: MAY OVERALL AUTO RETAIL SALES ROSE 9.55% Y/Y

• INDIA’S FADA:MAY PASSENGER VEHICLE RETAIL SALES ROSE 23.25% Y/Y

• INDIA’S FADA:MAY COMMERICAL VEHICLE RETAIL SALES ROSE 5.29% Y/Y

• INDIA’S FADA: MAY TWO-WHEELERS RETAIL SALES ROSE 7.54% Y/Y

Source text: [ID:]

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Adds details from paragraph 3 onwards

May 22 (Reuters) - Indian automaker Eicher Motors EICH.NS beat quarterly profit estimates on Friday, as last year's tax cuts boosted demand for its high-margin 350-cc motorcycles.

The Royal Enfield Himalayan 450 adventure bike manufacturer posted a near 12% rise in consolidated net profit to 15.2 billion rupees ($158.85 million) for the March quarter from a year ago.

Analysts had estimated a quarterly profit of 14.87 billion rupees, according to data compiled by LSEG.

India's top premium motorcycle maker was the biggest beneficiary of the September tax cuts that lowered duties from 28% to 18% on the 350-cc category, which occupies a large chunk of the company's portfolio.

Its total revenue jumped 16% to 60.80 billion rupees, beating analysts' average estimate of 59.98 billion rupees.

After posting higher quarterly profits, peers Bajaj Auto BAJA.NS, TVS Motor TVSM.NS and Hero MotoCorp HROM.NS are relying on a premium product mix, export expansion and cost controls to cushion higher shipping expenses and commodity prices stemming from the closure of the Strait of Hormuz.

(Reporting by Kashish Tandon and Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair and Shreya Biswas)

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May 18 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• BAJAJ AUTO - BAIH BV REPAYS EURO 80 MILLION LOAN TO JP MORGAN AND DBS BANK

Source text: ID:nBSE7fbx8J

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Adds details and background throughout

May 15 (Reuters) - India's Ola Electric OLAE.NS will invest $208.5 million in its core vehicle and cell units as the EV bike and scooter maker aims to step up cost cuts and localize manufacturing to achieve profitability amid rising competition.

The SoftBank-backed firm has been grappling with higher operating costs and is seeking to bring them down through automation, job cuts and increasing in-house production of EV cells. The firm also plans to launch a new cost-efficient line of EV two-wheeler models.

The investment is expected to be completed by May 14, 2027, Ola Electric said in a statement.

Last year, the company started manufacturing its own battery cells instead of importing them, a move that it previously said is key to achieving profitability.

In February, it projected lower operating costs by as much as 50% in the coming quarters, after posting a narrower third-quarter loss as it sets its sights on turning profitable. Ola is yet to report its March-quarter results.

Its EV unit posted a revenue of 47.17 billion rupees for the year ended March 31, 2026, while its cell unit posted a revenue of 730 million rupees.

The company, which once commanded half of India's e-scooter market, has lost ground to legacy players such as Bajaj Auto BAJA.NS and TVS Motor TVSM.NS, which widened distribution and rolled out competing models, as well as to rival Ather Energy ATHR.NS.

($1 = 95.9387 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)

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May 14 -

• INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES UP 25.4% Y/Y -INDUSTRY BODY

• INDIA'S APRIL TOTAL DOMESTIC PASSENGER VEHICLE SALES AT 437,312 UNITS - INDUSTRY BODY

• INDIA'S APRIL TOTAL TWO-WHEELER SALES UP 28.4% Y/Y AT 18,72,691 UNITS - INDUSTRY BODY

• INDIA AUTO INDUSTRY BODY SIAM SAYS THOUGH THERE ARE CONCERNS OF HIGH COMMODITY PRICES DISRUPTIONS IN WEST ASIA, INDUSTRY WITNESSING GOOD DEMAND

Source text: [ID:]

** Auto stocks .NIFTYAUTO rise 5.6% so far this week after Mahindra & Mahindra MAHM.NS, Bajaj Auto BAJA.NS beat Q4 profit estimates

** Mahindra credits tax cut-led demand, capacity additions for profit beat

** Forecasts mid-to-high teens percentage growth in SUV volumes in FY27

** Brokerages cite strong Q4 execution, firm guidance, SUV demand, improving margins as positives for Mahindra, though higher commodity costs may pressure near-term margins

** Bajaj Auto plans to modify more of its motorcycle models to fit premium 350cc segment to capitalise on tax cuts

** Switch to light rare-earth magnets resolved shortages that had threatened co's EV delivery targets last year, CFO Dinesh Thapar says

** Brokerages highlight Bajaj Auto's premium launches, export growth, diversified portfolio as profit drivers

** Flag commodity inflation, domestic demand moderation as key risks

** YTD, NIFTYAUTO down 3%

(Reporting by Mridula Kumar in Bengaluru)

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** Shares of India's Bajaj Auto BAJA.NS rise 3.04% to 10,633 rupees

** Two-wheeler maker reported fourth-quarter profit and revenue above analyst estimates; Q4 profit climbed 34% y/y

EXPORT MOMENTUM, PREMIUM BIKES DRIVE OPTIMISM

** Goldman Sachs ("buy"; TP: 11,700 rupees) says new premium motorcycle launches and export growth should help offset commodity cost pressures and support margins

** Macquarie ("outperform"; TP: 10,356 rupees) says co well placed to benefit from resilient exports and premium motorcycle demand despite signs of domestic demand moderation

** JPMorgan ("neutral"; TP: 9,780 rupees) says gross-margin-led earnings beat and 100% payout were positives, while sustainability of volume growth and marketing spends remain key monitorables

** Nomura ("neutral"; TP: 10,928 rupees) says strong export momentum and new bike launches remain key growth drivers, but warns cost inflation could pressure margins in near term

** Jefferies ("hold"; TP: 10,500 rupees) says rising commodity prices may weigh on near-term margins, though Bajaj's diversified portfolio should support profitability

(Reporting by Surbhi Misra in Bengaluru)

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Rewrites throughout with comments from post-earnings call

By Urvi Dugar

BENGALURU, May 6 (Reuters) - India's Bajaj Auto BAJA.NS said it would modify more of its motorcycle models to fit the 350cc premium segment to capitalize on tax cuts, after it beat quarterly earnings estimates and unveiled its largest-ever share buyback.

Last year's 10 percentage point tax cut on motorcycles with engine capacities of up to 350 cc has helped the automaker cushion margins against higher shipping expenses, steel and aluminium costs amid the Middle East conflict.

Bajaj Auto will bring motorcycles with engines capacity above 350cc into the 350cc segment, finance chief Dinesh Thapar said in a post earnings call.

The Pulsar bike-maker also said it would buy back shares worth 56.33 billion rupees ($595.39 million) at 12,000 rupees per share, a 16.3% premium to its Wednesday close.

A switch to light rare-earth magnets has resolved an issue that last year led the company to warn it could miss its electric-vehicle delivery target due to shortages, Thapar said.

He refrained from offering forecasts for any of the company's segments, citing uncertainty stemming from the U.S.-Iran war.

Bajaj posted the best-ever performance for its KTM-Triumph bikes with a 40% fourth-quarter revenue jump from a year earlier, driven by refreshed KTM Duke and adventure models and Triumph's modern classics lineup. It acquired Austria‑based motorcycle maker KTM last year.

Record sales of Bajaj's more profitable adventure and sports bikes helped expand margins by 30 basis points to 20.5% during the three months ended March 31. Favourable foreign-exchange realisations also supported the bottomline.

The automaker beat analysts' views for both profit and revenue, boosted by strong local and overseas demand for its two- and three-wheelers.

($1 = 94.6100 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru; Editing by Ronojoy Mazumdar and Joyjeet Das)

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** Shares of Bajaj Auto BAJA.NS rise as much as 4.8% to its highest since October 24, 2024 at 10,477.5 rupees

** Stock up for the third straight session

** The two-wheeler maker's April 2026 total sales jump 40% Y/Y to 513,792 units

** BAJA stock is among top gainers on blue-chip Nifty 50 .NSEI index and auto stocks .NIFTYAUTO

** Stock rated "buy" on avg; median PT is 10,401 rupees - data compiled by LSEG

** YTD, stock up 11.3%

(Reporting by Brijesh Patel in Bengaluru)

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April 30 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• BAJAJ AUTO - WILL CONSIDER A PROPOSAL FOR BUYBACK OF FULLY PAID-UP EQUITY SHARES

Source text: ID:nnAZN4STKFQ

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April 6 (Reuters) - India’s auto dealers warned of possible supply disruptions in the near term, from the West Asia conflict, even as Indian retail vehicle sales rose 25.28% in March, closing the financial year on a strong note on sustained momentum from tax cuts that improved affordability, the Federation of Automobile Dealers Associations (FADA) said on Monday.

Passenger vehicle sales rose 21.48% year-over-year in March, while two-wheeler sales rose 28.68% and commercial vehicle sales rose 15.12%, FADA said.

(Reporting by Meenakshi Maidas in Bengaluru)

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April 3 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• MARCH 2-WHEELER SALES UP 21% TO 380,473 UNITS

• MARCH TOTAL SALES UP 20% TO 445,377 UNITS

Source text: ID:nBSE8Wzlr4

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Repeats to additional subscribers, with no change to text

By Aditi Shah

NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.

The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.

For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.

India's ministry of heavy industries did not immediately respond to a request for comment.

The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.

Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.

The ministry wants the sector to do more.

"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.

The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.

"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.

(Reporting by Aditi Shah, Editing by William Maclean)

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By Aditi Shah

NEW DELHI, March 26 (Reuters) - India has asked automakers and parts suppliers to tighten production schedules to conserve fuel amid fears of shortages caused by disrupted oil and gas imports from the Gulf due to the Iran war, a government memo seen by Reuters shows.

The heavy industries ministry has also urged companies to shift factory operations from oil-based fuels to electricity and to use recycled aluminium or alternative materials as shortages and costs rise, according to the March 25 advisory.

For India, one of the world's largest oil and gas importers, the advisory underscores the government's mounting concern over the conflict and its disruption to energy flows, supply chains and availability of raw materials.

India's ministry of heavy industries did not immediately respond to a request for comment.

The government has already prioritised use of gas for households over industries, which get only about 80% of their average needs.

Some parts suppliers to India's leading carmakers like Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Mahindra MAHM.NS are already reporting a shortage of gas to power operations at a time when vehicle sales are booming.

The ministry wants the sector to do more.

"Wherever technically feasible, a transition from oil-based fuels to electricity may be considered. Further, production schedules may be optimised to minimise idle and standby fuel consumption," the ministry said in its note.

The government wants companies to use recycled aluminium where possible and explore the use of alternative materials for packaging and other non-critical applications to reduce "demand pressure" amid shortages which are already affecting beer makers.

"I don't know how much we can change in the factory, but the takeaway is that this war is going to go on for a long time and we should be prepared," said an executive at an Indian carmaker.

(Reporting by Aditi Shah, Editing by William Maclean)

(([email protected]; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

March 18 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• BAJAJ AUTO - RE-APPOINTS PRADEEP SHRIVASTAVA AS WHOLE-TIME DIRECTOR

Source text: ID:nNSEN89DH

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March 13 (Reuters) - India's domestic car dispatches to dealers rose for the fifth straight month in February, data from an industry body showed on Friday, helped by tax cuts that have lowered prices across most models.

"While the month of March has festive drivers... the recent conflict in West Asia remains a concern... could impact the manufacturing processes and exports," Rajesh Menon, Director General of Society of Indian Automobile Manufacturers (SIAM), said.

Here are some key details:

• Passenger vehicle dispatches jumped 10.6% to 417,705 units in February, compared with 377,689 units a year earlier.

• Tax reductions continue to fuel growth, extending momentum for fifth consecutive month.

• In September 2025, India slashed taxes on larger SUVs to 40% as an additional levy was dropped and on small cars and two-wheelers to 18% from 28%, helping support demand across segments.

• Vehicle sales picked up during the ongoing wedding season, supported by strong bookings, inventory build-up and new model launches.

• Domestic demand is expected to remain strong, though exports could soften on reduced shipments to Africa and the Middle East, analysts added.

• SIAM warns the ongoing Middle East crisis could hit production and exports if supply chains are disrupted.

• A shortage of gas - crucial for paint shops and component manufacturing - may affect production, analysts said, though they expect only near-term impact on Indian manufacturers due to inventory buffers.

• Domestic demand to stay robust but exports could weaken due to reduced shipments to Africa and the Middle East- Axis Capital

• India, the world's third-biggest car market, has an auto industry that accounts for 7.1% of its GDP.

• Tax cut-driven growth is likely to sustain for several quarters, a dealer's body said last week.

(Reporting by Meenakshi Maidas and Urvi Dugar in Bengaluru)

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March 6 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• BAJAJ AUTO - BAIH BV HAS PRE-PAID OUTSTANDING DUES AGGREGATING TO EURO 480 MILLION TO BANKS

• BAJAJ AUTO - BAIH BV TERMINATES LOAN AGREEMENTS WITH CITI AND STANDARD CHARTERED ON 6 MARCH 2026

Source text: ID:nBSE99fb0n

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Rewrites, adds details, background, auto body president comment

By Meenakshi Maidas and Yagnoseni Das

March 5 (Reuters) - India's retail vehicle sales jumped 25.6% in February, as last year's tax cuts and a pick-up in weddings drove demand for two-wheelers and passenger vehicles, the auto dealers' body said on Thursday.

Analysts had expected double‑digit year‑on‑year growth in February, supported by price cuts, new model launches and firm rural demand, after India cut taxes on vehicles last September to boost consumption in the wake of steep U.S. tariffs.

Two-wheeler sales jumped 25% from a year ago in February, while passenger vehicle sales climbed 26.1%, the Federation of Automobile Dealers Associations said, adding that demand was supported by weddings with enquiries rising across rural and urban markets.

The dealer body's president, C.S. Vigneshwar, told Reuters that growth is likely to sustain for several quarters, if not years, noting that the industry had always expected the impact of the tax cuts to be "seismic" rather than seasonal.

Over two-thirds of dealers surveyed by the association expect retail sales to grow in March, buoyed by festival-driven demand and fiscal year-end purchases. However, dealers have flagged supply constraints for some models.

Vigneshwar said that there has been no immediate impact on logistics for vehicles from the Middle East war.

Passenger vehicle inventory, or the average time a car remained on the showroom floor, fell for a fifth consecutive month to 27–29 days from 32-34 days in January.

(Reporting by Meenakshi Maidas and Yagnoseni Das Bengaluru; Editing by Eileen Soreng and Mrigank Dhaniwala)

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March 2 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• BAJAJ AUTO - FEB TOTAL SALES 4,48,259 UNITS

Source text: ID:nBSE77S8xl

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Feb 13 (Reuters) -

• INDIA AUTO INDUSTRY BODY SIAM - INDIA'S JAN TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,49,616 UNITS

• SIAM - INDIA'S JAN 2-WHEELER SALES 19,25,603 UNITS

• SIAM - INDIA'S JAN 3-WHEELER SALES 75,725 UNITS

• SIAM: NEW BUDGET INITIATIVES, POLICY TAILWINDS EXPECTED TO DELIVER LONG-TERM BENEFITS, SUPPORT GROWTH IN MEDIUM TERM

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Feb 3 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• JAN TOTAL SALES 4,77,422 UNITS

Source text: ID:nBSE5D5HQD

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Adds details, background from paragraph 4

Jan 30 (Reuters) - India's top auto exporter Bajaj Auto BAJA.NS reported an 18.7% rise in third-quarter profit on Friday, boosted by stronger exports and higher domestic sales of its two-wheelers.

The Pulsar motorcycle maker's profit rose to 25.03 billion rupees ($272.3 million) for the quarter ended December 31, compared to 21.09 billion rupees a year ago.

Analysts, on average, expected a profit of 25.07 billion rupees, per data compiled by LSEG.

Robust export demand helped lift the company's overall volumes as domestic sales faced intense competition. A richer product mix supported performance, even as cost pressures lingered.

Two-wheeler exports rose 13.8% on stronger African market demand and favourable currency movements, analysts said. Overseas shipments, making up nearly half of total two‑wheeler sales, grew 7.4%.

Domestic two‑wheeler sales were up 2.3%, supported by tax reforms and festive‑season demand as growth returned after two straight quarters of decline. However, it lagged a 17% rise in industry-wide domestic two-wheeler sales.

Revenue from operations increased nearly 19% to 152.2 billion rupees in the reported quarter, helped by premium vehicle sales, and above analysts' estimate of 151.05 billion rupees.

Its shares closed 0.9% higher ahead of the results on Friday and were up 7.7% in the third quarter.

($1 = 91.9320 Indian rupees)

(Reporting by Meenakshi Maidas, Urvi Dugar and Nandan Mandayam in Bengaluru; Editing by Harikrishnan Nair)

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** Shares of Bajaj Auto BAJA.NS rise as much as 3% to 9,783.50 rupees, highest since Nov. 2024

** Emkay Research upgrades BAJA to 'Buy' from 'Add', increases PT to 11,100 rupees, implying an upside of ~17%

** Co's supported by strong export trends and a refreshed Pulsar launch in CY26, driving an estimated 14% EPS CAGR over FY26-28

** Export momentum remains robust in Latam and Asia, aided by currency depreciation, with exports forming ~44% of volumes in FY26YTD vs 39% in FY25YTD

** Domestically, market saw recovery with a slight uptick led by gains in premium motorcycles and e-scooters during Q3FY26

** Analysts have "hold" rating on avg; median PT is 9,537.50 rupees - data compiled by LSEG

** In 2025 BAJA up 6.2%

(Reporting by Urvi Dugar in Bengaluru)

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Nov 14 (Reuters) - INDIA AUTO INDUSTRY BODY SIAM:

• INDIA'S OCT TOTAL DOMESTIC PASSENGER VEHICLE SALES 4,60,739 UNITS

• INDIA'S OCT 3-WHEELER SALES 81,288 UNITS

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