BAJAJ-AUTO

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)

((Kashish.Tandon@thomsonreuters.com; 8800437922;))

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

Further company coverage: BAJA.NS

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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)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

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)

((Mridula.Kumar@thomsonreuters.com;))

** 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)

((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))

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

• BAJAJ AUTO - APPROVED RE-DESIGNATION AND APPOINTMENT OF RAKESH SHARMA AS JOINT MANAGING DIRECTOR

Source text: [ID:]

Further company coverage: BAJA.NS

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

** 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)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))

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

Further company coverage: BAJA.NS

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

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)

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

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

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

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

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

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

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

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)

((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 27 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• BAJAJ AUTO - KTM AG SECURES REFINANCING LOAN TO STRENGTHEN FINANCIAL FOUNDATION

• BAJAJ AUTO - REFINANCING LOAN AGREEMENT TOTALS EUR 550 MILLION

Source text: ID:nBSE40zbQ0

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

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

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;;))

Jan 30 (Reuters) - Indian automaker 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 before.

Analysts, on average, expected a profit of 25.07 billion rupees.

($1 = 91.9320 Indian rupees)

(Reporting by Meenakshi Maidas and Urvi Dugar 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;;))