Key Financial Figures - H1 2026 Performance

  • Group revenue: EUR 701.4 million (+65.0% vs. H1/25)
  • Motorcycle revenue (KTM, Husqvarna, GASGAS brands): EUR 579.6 million (+109.1% vs. H1/25)
  • Motorcycle sales: 89,004 units (+91.9% vs. H1/25)
  • EBITDA: EUR 37.6 million (improved from EUR -183.3 million in H1/25)
  • EBITDA margin: 5.4%
  • EBIT: EUR -24.8 million (improved from EUR -256.3 million in H1/25)
  • Free cash flow: EUR -22.1 million (improved from EUR -38.5 million in H1/25)
  • Equity: EUR 339.9 million
  • Equity ratio: 21.5%

Quarterly Performance Breakdown

  • Q2/26 Group revenue: EUR 370.2 million (vs. EUR 230.6 million in Q2/25)
  • Q2/26 Motorcycle revenue: EUR 307.3 million (vs. EUR 141.3 million in Q2/25)
  • Q2/26 Motorcycle sales: 48,672 units (vs. 28,471 units in Q2/25)
  • Q2/26 EBITDA: EUR 32.0 million
  • Q2/26 EBITDA margin: 8.7%
  • Q2/26 EBIT: EUR 1.3 million (improved by EUR 166.0 million vs. Q2/25, first positive result since restructuring)

Operational Highlights

  • Fixed costs reduced by EUR 65.8 million in the first half of 2026
  • Worldwide motorcycle inventory levels reduced by 10,190 units since beginning of the year
  • Bajaj Auto Ltd sold 58,568 motorcycles in India, bringing total worldwide motorcycle sales to 147,572 units in H1/26

Corporate Actions

  • Completed refinancing of 100%-owned subsidiary KTM AG for EUR 550 million
  • The refinancing strengthened the Group's financial foundation and reduced ongoing interest burden in Q2/26

Dates and Timing

  • Document received by Bajaj Auto: 27 August 2026 at 10:10 AM (IST)
  • Filing submitted to exchanges: 27 August 2026
  • Results period: First half of 2026 (H1/26)

Additional Information

  • The 2026 Half-Year Financial Report is available on the company's website
  • This intimation will be made available on Bajaj Auto Limited's website at https://www.bajajauto.com/investors/disclosures/