Bajaj Auto Limited’s wholly owned subsidiary, Bajaj Auto Credit Limited, has allotted 50,000 secured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis. The Debentures Issuance and Allotment Committee of the Board of Directors of Bajaj Auto Credit Limited approved the allotment in a meeting held on June 19, 2026. The NCDs carry a face value of ₹1,00,000 each, aggregating to a total issue size of ₹500,19,55,000. Bajaj Auto Limited received the intimation regarding the issuance, allotment, and listing on June 23, 2026, at around 17:23 p.m., pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The NCDs have been listed on the National Stock Exchange of India Ltd. (NSE) with effect from June 23, 2026.

Key Details of the NCD Allotment

The following table outlines the key parameters of the NCD issuance:

Bajaj Auto has confirmed that it has passed on electric vehicle (EV) policy subsidies to its customers and is now awaiting reimbursement from the state government. The development highlights the company's proactive approach in ensuring that end consumers benefit from government-backed EV incentive programmes, even as the corresponding state refunds remain pending.

EV Policy Subsidies Passed On to Customers

Bajaj Auto has taken the initiative to extend EV policy subsidies to its customers upfront, absorbing the interim financial outlay while the reimbursement process with the state government is ongoing. This approach ensures that customers receive the benefit of applicable EV incentives at the point of purchase, without delays linked to administrative processing timelines. The company is currently in the process of recovering these disbursed subsidies from the state.

Significant Investment Under Maharashtra's PSI Scheme

In a separate but related development, Bajaj Auto has also made a substantial financial commitment under Maharashtra's Package Scheme of Incentives (PSI). The company has invested over ₹2,000 crore across three key manufacturing locations in the state. The details of these investments are outlined below:

These investments underscore Bajaj Auto's continued commitment to expanding and strengthening its manufacturing infrastructure within Maharashtra. The PSI scheme is designed to encourage large-scale industrial investment in the state by offering a range of fiscal incentives to eligible companies.

Key Highlights

• Bajaj Auto has disbursed EV policy subsidies directly to customers and is awaiting state-level reimbursement.
• The company has invested over ₹2,000 crore under Maharashtra's PSI Scheme.
• Investments span three facilities: Chakan, Akurdi, and Waluj.

The dual developments reflect Bajaj Auto's active engagement with both state-level EV promotion policies and broader industrial investment frameworks in Maharashtra. The pending state refund on EV subsidies remains a key financial matter for the company as it continues to support the adoption of electric vehicles among its customer base.