Bajaj Auto's Soaring Profits Driven by Export Growth and Electric Innovation

Bajaj Auto Ltd has announced a 13.84% increase in its consolidated profit after tax for the first quarter, totaling Rs 2,210.44 crore. The automotive giant attributes this growth to robust export performance and increased sales of premium motorcycles, commercial vehicles, and the Chetak electric scooter.

In a regulatory filing, Bajaj Auto indicated a rise in consolidated total revenue, reaching Rs 13,133.35 crore compared to Rs 11,932.07 crore in the same period last year. While domestic motorcycle sales presented a challenge, the expansion of the electric vehicle portfolio and surging exports compensated for the sluggish domestic market.

Electric scooters, a standout performer, saw retail volumes more than double from the previous year. Meanwhile, premium motorcycle brands like KTM and Triumph recorded significant domestic growth. Bajaj Auto also reported substantial surplus funds, ensuring continued financial strength and investment capacity.

(With inputs from agencies.)