Bajaj Auto Limited has established a July 1, 2026, deadline for shareholders to submit documentation for tax deduction at source (TDS) on the declared dividend of ₹150 per equity share for the financial year ending March 31, 2026. The record date for determining eligibility is May 29, 2026. The dividend, recommended by the Board on May 6, 2026, is subject to shareholder approval at the Annual General Meeting on July 21, 2026, with payment scheduled on or before July 24, 2026.

Shareholders must ensure their Permanent Account Number (PAN) and residential status are updated with KFin Technologies Limited, the Registrar and Share Transfer Agent, to comply with TDS provisions under the Income Tax Act, 2025. The company specified that no communication regarding tax determination will be accepted after the July 1 deadline.

Resident Shareholder TDS Rates

For resident shareholders, TDS will be deducted based on the category and dividend amount received during the tax year 2026-27. The applicable rates are as follows:

Non-Resident Shareholder TDS Rates

Non-resident shareholders are subject to TDS at 20% plus applicable surcharge and health & education cess. However, they may opt for benefits under the Double Tax Avoidance Agreement (DTAA) if more beneficial. To claim DTAA benefits, non-resident shareholders must submit specific documents listed in Annexure A to KFin Technologies Limited.

The company emphasized that TDS certificates will be emailed to registered addresses post-payment, and tax credits will be available in Form 168 on the Income Tax Department's e-filing portal. Shareholders are advised to consult their tax advisors for specific implications.

Bajaj Auto reported a 20% increase in total sales for May 2026, driven by robust performance in both domestic and export markets. The company sold 4,61,257 units during the month, up from 3,84,621 units in the corresponding period last year. This growth was underpinned by a significant 34% surge in exports, which reached 2,13,226 units, alongside a 10% rise in domestic sales to 2,48,031 units. Adding to this momentum, the company has set an ambitious target to export 250,000 units on an ongoing basis, according to CNBCTV18.

The two-wheeler segment recorded sales of 3,93,204 units, marking an 18% year-on-year growth. Domestic two-wheeler sales increased 9% to 2,09,528 units, while exports jumped 30% to 1,83,676 units. The commercial vehicles segment also witnessed strong momentum, with total sales climbing 30% to 68,053 units. Commercial vehicle exports surged 65% to 29,550 units, and domestic sales grew 12% to 38,503 units.

Sales Performance for May 2026

The following table presents a detailed breakdown of Bajaj Auto's sales performance for May 2026 compared to the same period last year:

Export Ambitions

Building on its strong export trajectory, Bajaj Auto aims to export 250,000 units going forward, as reported by CNBCTV18. This target underscores the company's strategic focus on international markets, particularly as commercial vehicle exports surged 65% and two-wheeler exports grew 30% in May 2026. The export momentum has been a key driver of overall growth, with overseas shipments accounting for a significant share of total volumes.

Year-to-Date Performance

For the April-May 2026 period, Bajaj Auto's total sales stood at 9,75,049 units, a 30% increase from 7,50,431 units in the same period of the previous year. Exports during this two-month span grew 57% to 4,78,808 units, while domestic sales rose 11% to 4,96,241 units. The two-wheeler segment accumulated sales of 8,33,157 units, up 28% year-on-year, with exports rising 53% to 4,13,566 units. Commercial vehicle sales for the period reached 1,41,892 units, a 42% increase, driven by a 93% jump in exports to 65,242 units.

YTD Sales (Apr-May 2026)

The table below summarizes Bajaj Auto's year-to-date sales performance for the April-May 2026 period: