Bajaj Auto Limited submitted a regulatory filing to BSE and NSE pursuant to Regulation 30 of SEBI Listing Regulations, enclosing the quarterly report of its step-down subsidiary Bajaj Mobility AG (formerly PIERER Mobility AG) for Q3/26. The information was received by Bajaj Auto on November 3, 2026, at approximately 10:45 AM IST.

Financial Performance Q3/26

  • Group revenue reached EUR 351.1 million, representing a 57.0% increase compared to Q3/25 (EUR 223.6 million)
  • Motorcycle revenue (KTM, Husqvarna Motorcycles, and GASGAS brands) increased to EUR 288.3 million, up 84.0% year-over-year (from EUR 156.6 million in Q3/25)
  • EBITDA amounted to EUR 40.7 million, significantly improved from negative EUR 38 million in Q3/25 (adjusted for restructuring gain of EUR 7,164 thousand)
  • EBITDA margin improved to 11.6% from negative 17.2% in Q3/25
  • EBIT increased to EUR 11.3 million, a substantial improvement from negative EUR 71 million in Q3/25 (adjusted)
  • EBIT margin reached 3.2% compared to negative 31.7% in Q3/25

Operational Performance Q3/26

  • Motorcycle sales (KTM, Husqvarna, and GASGAS brands) reached 47,390 units, representing a 51.1% increase compared to Q3/25 (31,362 units)

Year-to-Date Performance (First Nine Months 2026)

  • Group revenue amounted to EUR 1,052.5 million compared to EUR 648.8 million in the same period last year
  • Total motorcycle sales (KTM, Husqvarna, and GASGAS brands) reached 136,363 units, representing a 75.4% increase compared to prior-year period (77,748 units)
  • Motorcycle revenue reached EUR 867.9 million during the same period (compared to EUR 434.4 million in Q3 YTD 2025)
  • Bajaj sold 91,704 motorcycles in India (55,427 units in Q3 YTD 2025)
  • Worldwide motorcycle sales of KTM, Husqvarna, and GASGAS brands totaled 228,067 units (133,175 units in Q3 YTD 2025)

Inventory and Operational Update

Global motorcycle inventories within the Group and at dealers and importers remained stable in the third quarter following inventory reductions in previous quarters.

Forward Outlook

For the remainder of the fiscal year, the focus will be on:

  • Further increasing profitability
  • Improving free cash flow
  • Continuing optimization of cost and organizational structures
  • Sharpening focus on managing product and project portfolio
  • Maintaining inventories at a sustainably efficient level

Additional Information

The quarterly report is available on Bajaj Mobility AG's website at: https://www.bajajmobility.com/en/investor-relations/publications

Bajaj Mobility AG is headquartered in Austria and is listed on the SIX Swiss Exchange and Vienna Stock Exchange (ISIN: AT0000KTMI02; Swiss Valor Number: 41860974; Ticker symbol: BMAG).