Bajaj Mobility AG, a step-down subsidiary of Bajaj Auto , reported preliminary revenue of EUR 370 mio. for the second quarter of 2026, a substantial rise compared to EUR 231 mio. in the same period of the previous year. The company, which sells motorcycles under the KTM, Husqvarna Motorcycles, and GASGAS brands outside the Indian market, also disclosed a significant turnaround in profitability with an expected EBITDA margin of around 8.7% for Q2 2026, contrasting sharply with the negative 55.6% margin recorded in Q2 2025 after restructuring gains.

Motorcycle sales for the quarter reached 48,672 units, representing a 71% increase compared to the 28,471 units sold in Q2 2025. This sales volume also reflects a 21% increase compared to the first quarter of 2026. For the first half of 2026, total sales outside the Indian market stood at 89,004 units. Additionally, 58,568 motorcycles were sold through the strategic partner Bajaj Auto, up from 34,950 in the previous year, bringing the total worldwide sales for the first half of 2026 to 147,572 units, an 81% increase from the 81,336 units sold in the same period of 2025.

Revenue in the motorcycles segment grew from EUR 330 mio. in the first quarter of 2026 to EUR 370 mio. in the second quarter. This represents an 80% increase compared to Q2 2025 revenue of EUR 205 mio. Cumulatively, the motorcycle segment generated revenue of approximately EUR 700 mio. in the first half of 2026, compared to EUR 373 mio. in the first half of 2025.

Financial Performance

The company expects an EBITDA margin of around 5.4% for the first half of 2026, a significant recovery from the negative 43.3% margin reported in the first half of 2025. The reported margins for both periods are calculated after the deduction of restructuring gains.

*Includes sales through strategic partner Bajaj Auto.

The preliminary figures are subject to finalization. Bajaj Mobility AG is scheduled to publish its half-yearly financial results on August 27, 2026.

Bajaj Auto witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 15,130 shares changing hands at a price of ₹10161.50 per share. The total transaction value amounted to ₹15.37 crores, highlighting significant institutional-level activity in the stock.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded on the NSE:

Block trades are large-volume transactions typically executed by institutional investors or high-net-worth participants, and are carried out outside the regular order book to minimize market impact. The execution of such a trade in Bajaj Auto underscores the continued interest of large market participants in the stock.