Bajaj Auto Limited has made a significant move in the global motorcycle industry by completing the acquisition of a 100% stake in Pierer Bajaj AG (PBAG) through its subsidiary, Bajaj Auto International Holdings BV (BAIH). This strategic acquisition, finalized on November 18, 2025, marks Bajaj Auto's entry into controlling positions in major European motorcycle manufacturers.

Key Highlights of the Acquisition

• Complete Ownership: BAIH has acquired all 50,100 shares of PBAG, giving it 100% ownership.
• Downstream Control: Through PBAG, Bajaj Auto now holds approximately 74.90% stake in PIERER Mobility AG (PMAG) and KTM AG.
• Corporate Restructuring: The Pierer Group has exited from PBAG, PMAG, and KTM as a result of this transaction.

Implications and Changes

The acquisition brings about several significant changes:

1. Name Changes:

   • Pierer Bajaj AG will be renamed to Bajaj Auto International Holdings AG
   • PIERER Mobility AG will become Bajaj Mobility AG

2. Board Reconstitution: The Supervisory and Management Boards of PBAG, PMAG, and KTM will be reconstituted to reflect the new ownership structure.

3. Stock Exchange Listings: PMAG (soon to be Bajaj Mobility AG) will continue to be listed on the SIX Swiss Exchange in Zurich and the Vienna Stock Exchange.

Transaction Timeline

The acquisition process involved several key steps:

This acquisition represents a significant expansion of Bajaj Auto's global footprint in the motorcycle industry. By gaining control of well-established European brands, Bajaj Auto is poised to strengthen its position in the international market and potentially leverage synergies between its existing operations and newly acquired entities.

The move is expected to have far-reaching implications for Bajaj Auto's product portfolio, market reach, and competitive stance in the global two-wheeler market. As the integration process unfolds, industry observers will be keen to see how Bajaj Auto leverages this acquisition to drive growth and innovation in its motorcycle business.

Bajaj Auto Credit Limited (BACL), a wholly owned subsidiary of Bajaj Auto Limited, has successfully redeemed commercial paper worth Rs. 500.00 crores on its scheduled maturity date, November 17, 2025. This redemption marks the full repayment of the instrument originally issued in August 2025.

Key Details of the Redemption

The redemption process was completed on time, with BACL fulfilling its financial obligation as per the scheduled maturity date. This timely repayment demonstrates the company's strong financial management and commitment to meeting its debt obligations.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Regulations), 2015, Bajaj Auto Limited informed the stock exchanges about this redemption. The company had previously notified the exchanges about the issuance of this Commercial Paper on August 19, 2025.

The information regarding the redemption was received by Bajaj Auto Limited on November 17, 2025, at approximately 5:06 p.m., and was promptly communicated to the stock exchanges the following day.

This successful redemption of commercial paper by BACL reflects positively on the financial health and liquidity management of both BACL and its parent company, Bajaj Auto Limited. It also underscores their commitment to transparent communication with investors and regulatory bodies.