Bajaj Auto has released its Annual Report for FY2026, marking a landmark year as the company delivered its highest-ever financial performance across all key metrics. The company has scheduled its 19th Annual General Meeting (AGM) for Tuesday, July 21, 2026, at 12:30 pm at its registered office in Akurdi, Pune, to seek shareholder approval for a dividend of ₹150 per equity share of face value ₹10 each (1500%) for the financial year ended March 31, 2026. The meeting will also consider the appointment of Rakesh Sharma as Joint Managing Director (JMD) and other special business items.

Record Financial Performance in FY2026

The company delivered its fourth successive year of new highs, with standalone revenue from operations reaching ₹58,732 crore — the highest in its history — registering a robust growth of 17.4% over the previous year. The following table summarises the key standalone financial metrics:

On a consolidated basis, total income stood at ₹65,087 crore, up 24% year on year, with consolidated Profit After Tax at ₹10,744 crore, up 47% over the previous year. Surplus cash and cash equivalents as on March 31, 2026 stood at ₹18,137 crore. Free cash flow generation remained strong at over ₹8,000 crore for the year.

Shareholders' Payout and Buyback

To commemorate the centenary year of the Bajaj Group, the Board approved a combined payout of 100% of Profit After Tax for FY2026 to shareholders, amounting to nearly ₹10,000 crore, through a combination of dividend and share buyback.

The dividend will be paid through electronic mode only. Shareholders holding shares in physical or electronic form will receive payment based on records from KFin Technologies Limited, NSDL, and CDSL as of the record date.

Operational Highlights: Volumes and Segments

Bajaj Auto delivered its highest-ever annual volumes at over 5 million units, surpassing its previous peak. Total vehicle sales reached 5,117,667 units in FY2026 compared to 4,650,966 units in FY2025, of which exports accounted for 2,250,183 units versus 1,863,281 units in the prior year.

Domestic Motorcycles: Bajaj Auto's domestic motorcycle sales grew by 0.6% to marginally over 2 million units in FY2026. The 125cc+ segment contributed 77.5% of total motorcycle sales. Pulsar surpassed ₹11,000 crore in domestic revenue and achieved record global volumes. KTM–Triumph delivered highest-ever domestic sales of over 1.30 lakh units.

Chetak EV: Despite supply disruptions from rare-earth magnet export restrictions from China in the first half, Chetak posted its highest-ever billing and retail volumes for the full year at 3,02,674 units, crossing 7 lakh cumulative units since inception. Chetak's market share inched up to 20.7%, up 60 bps year on year.

Commercial Vehicles: The segment crossed the historic milestone of over 5 lakh units for the full year for the first time. The company exited the year with pole position in the electric three-wheeler (L5) segment. The company also entered the e-Rickshaw (L3) category with the 'Riki' brand.

International Business: Exports surpassed 2 million units — the best annual performance since FY2022 — with revenues reaching an all-time high.

KTM Acquisition and Subsidiary Performance

A defining development of FY2026 was Bajaj Auto's acquisition of a controlling stake in KTM AG through its wholly owned subsidiary Bajaj Auto International Holdings BV (BAIH BV). Upon receipt of all regulatory approvals in November 2025, BAIH BV completed the acquisition of sole controlling stake in Bajaj Auto International Holdings AG (formerly Pierer Bajaj AG), increasing its stake from 49.9% to 100%. Bajaj Mobility AG (formerly PIERER Mobility AG) and KTM AG thereby became step-down subsidiaries of Bajaj Auto. The equity and debt package arranged for the restructuring amounted to €880 million. For the calendar year 2025, Bajaj Mobility AG reported consolidated revenue of €1,009 million with motorcycle sales of 209,704 units, EBITDA of €874 million, and net profit of €590 million supported by a restructuring gain of €1,193 million. In February 2026, KTM AG secured a refinancing facility of €550 million for five years from a consortium of banks.

Bajaj Auto Credit Limited (BACL), the wholly owned captive financing subsidiary, delivered strong performance in FY2026:

Bajaj Do Brasil sold nearly 32,000 units in CY2025, more than doubling from over 13,000 units in CY2024, with the dealership network expanding from 31 outlets across 17 states to more than 60 outlets across 24 states.

Appointment of Joint Managing Director

Shareholders will vote on a special resolution to appoint Rakesh Sharma (DIN: 08262670) as Joint Managing Director for a term from June 1, 2026 to March 31, 2029. Sharma, who serves as an Executive Director, joined the company in October 2007 and has held key leadership positions including Chief Commercial Officer. His last drawn remuneration during FY2026 was ₹15.30 crore (including performance reward and perquisite value of ESOPs exercised). The proposed remuneration package is ₹15.28 crore per annum, comprising salary, allowances, perquisites, and performance rewards. The appointment requires approval as per Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Other AGM Business

The AGM will transact ordinary business including adoption of audited standalone and consolidated financial statements for FY2026 and re-appointment of Sanjiv Bajaj (DIN: 00014615), who retires by rotation. Sanjiv Bajaj is the Chairman and Managing Director of Bajaj Finserv Ltd., with consolidated revenue of over ₹1,50,530 crore (USD 15.9 billion) and consolidated profit after tax of over ₹8,800 crore (USD 1 billion) for FY2025-26. Special business includes ratification of remuneration for R.B. Laddha & Co., Cost Accountants, for audit of cost records for FY27 at ₹5 lakh plus taxes and out-of-pocket expenses. The company also seeks approval to pay commission to non-executive directors not exceeding 1% of net profits per annum for five years commencing April 1, 2026, in addition to sitting fees currently fixed at ₹100,000 per meeting.

AGM Details and Voting

The AGM will be conducted physically at the registered office. Remote e-voting will be facilitated through KFin Technologies. Shri Vaibhav Dandawate (ACS No. 51538, CP No. 27947) or failing him, Ms. Deepti Kulkarni (ACS No. A34733, CP No. 22502), Partners of M/s. Makarand M Joshi & Co., have been appointed as Scrutinizers for the e-voting process.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE917I01010/f20a05b4-c58b-40d5-9ed3-0780ffd953ba.pdf

Bajaj Auto Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended 31 March 2026 with the stock exchanges. The filing, submitted by Rajiv Gandhi, Company Secretary & Compliance Officer, includes the assurance report for the period and forms part of the Annual Report for FY26. The report provides a comprehensive overview of the company's environmental, social, and governance (ESG) performance.

The disclosures were prepared in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. DNV Business Assurance India Private Limited provided reasonable assurance for the BRSR core indicators and limited assurance for select non-core indicators. The reporting boundary for the disclosures is on a standalone basis, covering the entity and its subsidiaries, Bajaj Auto Technology Ltd. and Bajaj Auto Credit Ltd., while excluding regional offices.

Environmental Performance

The company reported a total energy consumption of 90,03,51,644 Mega Joules (MJ), with renewable energy accounting for 7.42% of the total. Energy intensity per rupee of turnover stood at 15,330 MJ, while water intensity per rupee of turnover was recorded at 18.5 kilolitres. Bajaj Auto achieved a reduction in Scope 1 and Scope 2 emissions intensity by 11% against a baseline year of FY2023-24. The company maintained 100% water positivity and sustained Zero Liquid Discharge (ZLD) by recycling water across its plants, except for the Pantnagar facility due to Consent to Operate conditions.

Social and Governance Metrics

Bajaj Auto employed a total of 2,598 workers as of the end of the financial year, comprising 2,485 male and 113 female workers. The company reported one fatality among employees during FY26, while the Lost Time Injury Frequency Rate (LTIFR) for employees was 0.16 per one million-person hours worked. The cost incurred on well-being measures for employees and workers was 0.12% of the total revenue of the company.

The company identified material responsible business conduct issues, including energy risk, emissions risk, and water risk. To mitigate these, Bajaj Auto implemented strategies such as internal energy audits, maximising renewable energy utilisation, and equipping plants with ZLD systems. The company has set a target to achieve 30% renewable energy use share by 2030 and reduce Scope 1 and Scope 2 emissions intensity by 50% by 2030 against a baseline year of FY 2023-24.

Key Financial and Operational Data