Bajaj Auto Posts Record Quarter: Revenue Crosses ₹15,000 Crore

Bajaj Auto has delivered its strongest-ever quarterly performance in Q3 FY26 results. The Indian two-wheeler giant recorded its all-time highs in revenue, EBITDA and profit. The above performance for the brand was courtesy high festive demand post the new GST rule implication, export recovery and rapid growth in electric vehicles.

Bajaj Auto’s revenue from operations rose 19 per cent YoY (year-on-year), crossing ₹15,000 crore for the first time. The growth came on the back of double-digit expansion across all key businesses — domestic motorcycles, electric two-wheelers, three-wheelers and exports. Strong festive demand and the new GST tax reduction helped propel domestic sales, while exports continued to grow and it remains the largest two-wheeler exporter in the country.

EBITDA (earnings before interest, taxes, depreciation, and amortization)climbed to a record ₹3,161 crore, up 22 per cent YoY, with operating margins improving to 20.8 per cent. The most crucial figure for the company, profit after tax (PAT) stood at ₹2,503 crore, up 19 per cent YoY, another record for Bajaj Auto. The domestic business posted its highest-ever revenues, supported by strong performance across motorcycles, EVs and commercial vehicles. Domestic motorcycles delivered their biggest-ever quarter in the 125cc+ segment, driven by sports bikes. The Pulsar range, which forms the backbone of its motorcycle business, achieved historic high retail volumes.

Financial Summary (Standalone) (₹ crore) 

The Bajaj Chetak recorded its highest-ever quarterly sales, growing at an impressive 70 per cent QoQ  (quarter on quarter) after resolving supply constraints. The electric portfolio has contributed 25 per cent of domestic revenues, overtaking its entire FY25 electric revenue midway through the quarter. Exports surpassed 6 lakh units in quarterly volumes for the first time in 15 quarters, maintaining double-digit YoY growth. Growth was led by Africa and Asia, while LATAM continued its market-leading run. 

The KTM–Triumph partnership recorded 50 per cent YoY growth in domestic volumes and revenue. KTM saw strong demand across Duke and Adventure models, while Triumph benefited from pricing interventions that offset GST hikes on bikes above 350 cc. Bajaj Auto has introduced India-specific KTM 160 models to drive sales further. It’s also working on a new 350 cc engine platform for Triumph and KTM bikes in the Indian market to offset the new GST ruling on 350 cc and above bikes. 

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Commercial vehicles clocked their highest-ever retails, crossing 100,000 units for the tenth straight quarter. Electric three-wheelers hit record billings and retails, exiting the quarter in a market-leading position, aided by the Riki and new e-kart variant. Bajaj Auto generated ₹5,200 crore in free cash flow in 9M FY26, up 70 per cent YoY. Surplus funds stood at ₹15,000 crore, even after ₹5,864 crore in dividends and ₹2,300+ crore invested into subsidiaries.