BAJAJ-AUTO

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

Further company coverage: BAJA.NS

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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)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

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)

((aditi.shah@tr.com; +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

Further company coverage: BAJA.NS

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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)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

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

Further company coverage: BAJA.NS

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March 5 (Reuters) - India’s retail vehicle sales rose 25.6% in February on strong demand for two-wheelers and passenger vehicles, as the momentum from tax-cut measures persisted, the Federation of Automobile Dealers Associations (FADA) said on Thursday.

(Reporting by Meenakshi Maidas in Bengaluru)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

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

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

Source text: ID:nBSE77S8xl

Further company coverage: BAJA.NS

((Reuters.Briefs@thomsonreuters.com;))

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

Further company coverage: BAJA.NS

((Reuters.Briefs@thomsonreuters.com;;))

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)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

** 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)

((UrviManoj.Dugar@thomsonreuters.com;))

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

Further company coverage: ASOK.NS

((Reuters.Briefs@thomsonreuters.com;))

Oct 27 (Reuters) - Indian automakers are likely to see double-digit profit growth in the September quarter, according to brokerages, driven mostly by demand for two-wheelers and tractors, with improvement in the passenger vehicle segment set to reflect in December.

Auto companies' sales volumes and profitability have taken a hit, with firms posting single-digit profit growth in the previous five quarters, due to consumption slowdown, a global chip shortage and uncertainties surrounding U.S. tariff policies.

However, tax and interest rate cuts are seen boosting demand further, with the recovery expected to fully show in the December quarter, according to Hitesh Thakurani and Shubhangi Kejriwal of HDFC Securities.

The government's September tax relief on goods from soaps to small cars helped lift retail sales in the final weeks of the month.

IN THE FAST LANE

Indian automakers are expected to post 10–17% revenue growth and about 15% profit growth year-on-year in the September quarter, led by gains in two-wheelers and tractors, according to HDFC Securities.

Top two-wheeler makers Bajaj Auto BAJA.NS and TVS Motor TVSM.NS are set to benefit from stronger exports, favourable forex rates and a 12% fall in shipping costs, the brokerage said. TVS will report results on Tuesday and Bajaj Auto on November 7.

Tractor sales have also aided the recovery, supported by a normal monsoon, lower borrowing costs and tax cuts, according to Motilal Oswal.

Analysts at Nomura, Kapil Singh and Siddhartha Bera, said tractor volumes were likely to beat expectations.

SHORT-LIVED GLOOM

Growth in the passenger vehicles segment is expected to remain soft, according to Nomura, due to supply shortages, with sales set to dip 1.5% year-on-year in the quarter.

Market leader Maruti Suzuki MRTI.NS is likely to face short-term margin pressure from higher launch costs and customer discounts, but exports, led by its E-Vitara line, are emerging as a key growth engine, according to brokerages.

Tata Motors TAMO.NS is expected to lag due to cyberattack-led production shutdowns at Jaguar Land Rover but several brokerages said growth is set to pick up due to tax cuts, festive demand and exports.

Maruti will report results on Friday, followed by Mahindra & Mahindra MAHM.NS on November 4. Tata Motors is yet to announce a date.

(Reporting by Meenakshi Maidas and Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

Corrects market share to about 0.5% from about 5% in paragraph 4 after company clarification

By Meenakshi Maidas and Yagnoseni Das

Sept 30 (Reuters) - Simple Energy, an Indian electric two-wheeler manufacturer that plans to go public next year, is aiming for a 19-fold jump in retail presence by 2029 as it accelerates expansion in northern India to compete with industry giants, a top executive said.

Bengaluru-headquartered Simple Energy, founded in 2019, opened its first showroom last year and now operates 53 outlets across the country.

In the next three to four years, Simple will be in a hyper-growth phase, essentially to break into the top three, Founder and CEO Suhas Rajkumar told Reuters.

The company currently holds about a 0.5% share of India's EV two-wheeler market, competing with established players such as TVS Motor TVSM.NS, Bajaj Auto BAJA.NS, Ola Electric OLAE.NS, and Ather Energy ATHR.NS.

Scooters make up roughly one-third of India's two-wheeler market and dominate the EV segment, accounting for the majority of the sales.

Simple Energy said in mid-September that it has developed an in-house motor free of heavy rare-earth elements, a move aimed at insulating itself from supply chain disruptions following China's export curbs, which rattled the global auto industry and left manufacturers scrambling for alternative technologies.

Local peer Ola also ramped up its programme to make their own rare-earths-free motors in April in response to global supply constraints, and plans to roll them out in the December quarter.

Simple Energy will keep the motor tech exclusive for now, but may open it to other players within a year if supply chain pressures persist, Rajkumar said.

The company plans to launch an IPO in the second or third quarter of fiscal 2027, aiming to raise $350 million, largely through a fresh issue. The proceeds will be earmarked for retail expansion, research and development, and marketing.

A small portion of the IPO will be an offer for sale, although specific details remain undisclosed. So far, the company has raised $51 million from marquee investors to fuel its growth.

Simple, which sells the 'Simple One' and 'Simple OneS', has sold 5,027 vehicles, as of September 29, according to government data, after facing early delivery hiccups.

(Reporting by Meenakshi Maidas and Yagnoseni Das in Bengaluru; Editing by Sherry Jacob-Phillips)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

Sept 22 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• EXTENDS GST BENEFITS ON MOTORCYCLES UNDER 350CC

• ALSO ADDING AN ADDITIONAL 50% FINANCING BENEFITS

• PULSAR NS125 ABS BUYERS TO SAVE 12,206 RUPEES, PULSAR N160 USD BUYERS TO GET 15,759 RUPEES BENEFITS

Source text: ID:nBSE21bnjd

Further company coverage: BAJA.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Bajaj Auto BAJA.NS rise 2.3% to 8,835.5 rupees

** The two-wheeler maker's August 2025 total sales rise 5% Y/Y to 417,616 units

** BAJA stock is biggest pct gainer in blue-chip Nifty 50 .NSEI index and among top gainers of auto stocks .NIFTYAUTO

** Stock rated "hold" on avg; median PT is 9079 rupees - data compiled by LSEG

** Stock up 0.5%, YTD

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

Aug 22 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• BAJAJ AUTO LTD - RESUMES CHETAK DELIVERIES AHEAD OF PLAN

• BAJAJ AUTO LTD - CHETAK SUPPLIES RESUMED ACROSS DEALERSHIPS

• BAJAJ AUTO LTD - SECURES SUPPLY OF RARE EARTH MAGNETS

• BAJAJ AUTO LTD - PRODUCTION AND SHIPMENTS RECOMMENCED AUGUST 20

• BAJAJ AUTO - SECURED SUFFICIENT SUPPLY OF RARE EARTH MAGNETS TO ENSURE AVAILABILITY DURING UPCOMING FESTIVE SEASON

Source text: ID:nBSE65kgGl

Further company coverage: BAJA.NS

((Reuters.Briefs@thomsonreuters.com;;))

Adds comments from Maruti Suzuki chairman in paragraphs 7,8,9

By Nikunj Ohri, Aftab Ahmed and Aditi Shah

NEW DELHI, Aug 18 (Reuters) - India aims to slash taxes on small cars and insurance premiums as part of a sweeping reform of its goods and services tax (GST), a government source said on Monday, sparking a rally in Indian stock markets.

Prime Minister Narendra Modi's administration revealed plans over the weekend for the largest tax overhaul since 2017, with consumer, auto and insurance companies likely to emerge as the biggest winners when product prices drop from October, once the reform is approved.

The federal government has suggested lowering GST on small petrol and diesel cars to 18% from the current 28%, said the source who is directly involved in the matter.

The consumption tax on health and life insurance premiums may also be lowered to 5% or even zero from 18% currently, the same source said.

Shares of Maruti Suzuki MRTI.NS, the biggest seller of small petrol cars in India, surged nearly 9% on Monday, leading a rally in auto shares that helped push India's benchmark Nifty index 1.3% higher, on course for its best day in three months.

Shares of other carmakers such as Mahindra & Mahindra MAHM.NS, as well as motorbike manufacturers like Hero MotoCorp HROM.NS and Bajaj Auto BAJA.NS, which will also benefit from tax cuts, jumped 2%-4% on Monday.

Stocks of insurance companies such as ICICI Prudential ICIR.NS, SBI Life SBIL.NS, and LIC LIFI.NS rose as much as 2%-5% before pairing some gains.

Modi's deep tax cuts will strain government revenues but have drawn praise from businesses and political pundits who say they will bolster his image in an ongoing trade fight with Washington.

Maruti Chairman R.C. Bhargava said the tax rationalisation is a "huge reform".

"With more affordability, more people will come into the purchasing system," said Bhargava, who declined to comment on proposed tax cuts on small cars until the fine print is out.

"This restructuring of the GST will increase competitiveness of Indian products and the opening of trade borders will bring in the necessary competition. Competition, combined with your ability to produce and sell at lower prices, makes for the best efficiency," he added.

Federal government officials over the weekend said New Delhi has proposed only two rates of taxation -- 5% and 18% -- under the revamped structure. The highest 28% rate will be abolished.

The new proposal, however, will impose a 40% tax on 5-7 "sin-goods" like tobacco products and luxury items.

The announcement will not be effective until the GST Council, which is chaired by the federal finance minister and has representatives from all states, gives a nod. A meeting is expected by October.

India's finance ministry did not reply to an email seeking comment.

PUSH FOR SMALL CARS

Sales of small cars, defined as those having engine capacity below 1200cc for petrol vehicles and 1500cc for diesel and not exceeding 4 metres in length, have slowed over the last few years as buyers switched to bigger, feature-rich SUVs.

Small cars made up a third of the 4.3 million passenger vehicles sold in the world's third-largest automobile market last fiscal year, down from nearly 50% pre-COVID, industry data showed.

The segment makes up half of all cars sold by Maruti, majority-owned by Japan's Suzuki Motor 7269.T, which saw its market share plunge to about 40% from over 50% in the last five years as sales of its Alto, Dzire and Wagon-R models dropped.

Carmakers Hyundai Motor India HYUN.NS and Tata Motors TAMO.NS also stand to gain.

Cars with higher engine capacity that currently attract 28% GST and an additional levy of up to 22% - resulting in total taxes of about 50% - may come under a new special rate of 40%, the source said.

The government source added that details are being firmed up to consider if any extra levies should be imposed over the 40% to keep the overall tax incidence for big cars the same at 43%-50%.

On the other hand insurance penetration in India continues to remain low, at 3.8% of GDP, in 2024, according to research firm Swiss Re Institute. The companies believe lowering of GST will help boost sales of insurance products.

(Reporting by Nikunj Ohri; Editing by Aditya Kalra, Raju Gopalakrishnan and Susan Fenton)

((Aftab.Ahmed@thomsonreuters.com; +91 99109 33884;))

Aug 14 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• BAJAJ AUTO - GETS FAVOURABLE TAX DEMAND ORDER OF 23.2 MILLION RUPEES

Source text: ID:nBSEH9pq2

Further company coverage: BAJA.NS

((Reuters.Briefs@thomsonreuters.com;))

Aug 7 (Reuters) - India's upcoming festive season is expected to lift near-term sentiment among auto dealers, but U.S. tariffs could dent consumer confidence, prompting higher household savings and weighing on discretionary spending, including vehicles, the Federation of Automobile Dealers Association (FADA) said on Thursday.

Vehicle dealers expect major festivals, including Rakhi, Janmashtami, Independence Day and Ganesh Chaturthi, along with targeted promotional schemes and healthy stock levels to drive sales.

However, the anticipated wealth erosion from fresh tariffs by the U.S. could erode consumer confidence, trigger a precautionary rise in household savings and exert pressure on discretionary spending, including on vehicles, FADA said.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Sonia Cheema)

((Chandini.M@thomsonreuters.com; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))

Aug 6 (Reuters) - Bajaj Auto Exec:

• RARE EARTH MAGNET SHORTAGE IMPACTED EV VOLUMES IN JUNE

• WILL BE LOSING VOLUMES IN EV BUSINESSES IN Q2 BECAUSE OF RARE EARTH ISSUE

• AT THIS POINT WE CAN DELIVER ONLY 50%-60% OF PLANNED E-SCOOTER DELIVERIES IN Q2

• FOR ELECTRIC 3-WHEELERS, CAN DELIVER ONLY 70%-80% OF PLANNED DELIVERIES IN Q2

• SHOULD BE IN POSITION TO DE-RISK CO FROM RARE EARTH SUPPLY CRUNCH BY END OF FY26

• EVALUATING HOW TO RE-DESIGN EV MOTORS WITH LIGHT RARE EARTHS

Further company coverage: BAJA.NS

((Reutersbriefs@thomsonreuters.com;))

July 31 (Reuters) - Indian automaker TVS Motor Company TVSM.NS reported a better-than-expected first-quarter profit on Thursday, lifted by strong domestic demand for its two-wheelers and steady growth in overseas shipments.

The "Jupiter" scooter maker's profit jumped 34.9% to 7.79 billion rupees ($88.92 million) in the quarter ending June 30, beating analysts' estimate of 7.63 billion rupees, per data compiled by LSEG.

Two-wheeler retail registrations in India rose 5% in the quarter on upbeat demand, an industry body said earlier in July.

Overall, two-wheeler sales at TVS Motor rose 17% to about 1.2 million units in the June quarter, fuelled by a rising share of premium models, such as the Apache series, which account for roughly 25% of total revenues.

Analysts attribute this to a "richer product mix," where high-margin offerings like high‑cc bikes and scooters have gained traction over entry-level models.

This shift helped push core earnings higher, with operating EBITDA margin expanding to 12.5% in the first quarter, up from 11.5% a year earlier, driven by strong growth in scooter and bike sales.

Electric vehicle sales surged 35%, while exports, which make up nearly a fourth of the company's overall revenue, grew 39% in the reported quarter.

Revenue from operations rose 20.4% to 100.81 billion rupees, above analysts' estimate of 99.36 billion rupees.

Total expenses climbed 18.8%, driven by a 16.9% increase in cost of materials consumed.

Rivals Bajaj Auto BAJA.NS and Hero MotoCorp HROM.NS are yet to report results for the quarter.

Separately, the company said it will raise funds worth up to 5 billion rupees by issuing non-convertible debentures on a private placement basis.

($1 = 87.6060 Indian rupees)

(Reporting by Meenakshi Maidas and Chandini Monnappa in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

July 7 (Reuters) - Geopolitical tensions and U.S. tariff-related spill-over effects could temper consumer sentiment, while rare earth curbs may further limit car supply and retail volumes, India's Federation of Automobile Dealers Association (FADA) said on Monday.

However, above-normal monsoons should bolster rural demand in the near-term, FADA said.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Sumana Nandy)

((Chandini.M@thomsonreuters.com; +918061822697;))

July 1 (Reuters) - Bajaj Auto Limited BAJA.NS:

• BAJAJ AUTO LIMITED - REPORTS TOTAL SALES OF 360,806 UNITS FOR JUNE 2025

Source text: ID:nBSExd9p0

Further company coverage: BAJA.NS

((reuters.briefs@thomsonreuters.com;))