Bajaj Auto , a leading two-wheeler and commercial vehicle manufacturer in India, has reported robust sales figures for October, showcasing strong performance across domestic and export markets.

Sales Performance

The company's total sales for October reached 518,170 units, marking an 8% increase from 479,707 units sold in the same month last year. This performance exceeded analyst estimates of 475,100 units, demonstrating Bajaj Auto's resilience in the face of market challenges.

Here's a breakdown of Bajaj Auto's October sales figures:

Key Highlights

• Two-Wheeler Segment: The two-wheeler category, which forms the bulk of Bajaj Auto's sales, saw a 7% increase year-on-year, with total sales of 442,316 units.
• Export Growth: Exports showed significant strength across both two-wheeler and commercial vehicle segments, with overall export sales growing by 16% compared to the same month last year.
• Commercial Vehicle Performance: Despite a slight dip in domestic sales, the commercial vehicle segment witnessed impressive growth in exports, surging by 62% year-on-year.

Year-to-Date Performance

For the period from April to October, Bajaj Auto's cumulative sales have reached 2,923,527 units, representing a 4% growth compared to the same period last year. This growth has been primarily driven by strong export performance in both two-wheeler and commercial vehicle segments.

Market Implications

The robust sales figures, particularly in exports, suggest Bajaj Auto's strong positioning in international markets. The company's ability to outperform analyst estimates indicates potential for positive market sentiment towards the stock.

As the automotive industry continues to navigate global economic challenges, Bajaj Auto's performance demonstrates its resilience and adaptability in meeting market demands across various segments and geographies.

Bajaj Auto has achieved a significant milestone in its strategic expansion plans, receiving approval from the Austrian Takeover Commission to take control of Pierer Bajaj AG. This development marks a crucial step in Bajaj Auto's efforts to strengthen its position in the European motorcycle market.

Key Highlights

• The Austrian Takeover Commission has confirmed the restructuring privilege for Bajaj Auto International Holdings B.V. (BAIH) to acquire control of Pierer Bajaj AG.
• No mandatory takeover bid is required for Pierer Mobility AG shareholders.
• This approval completes the set of necessary merger control approvals for the transaction.

Transaction Details

Bajaj Auto International Holdings B.V. (BAIH), a wholly-owned subsidiary of Bajaj Auto Limited, is set to acquire the remaining stake in Pierer Bajaj AG. Currently, BAIH holds a 49.9% stake in Pierer Bajaj AG, with the remaining stake held by Pierer Industrie AG (PIAG).

The transaction involves:

1. A share purchase agreement for 100 shares in Pierer Bajaj AG.
2. A call option agreement for up to 50,000 shares in Pierer Bajaj AG.

Both agreements were concluded in April and May 2025, subject to regulatory approvals.

Regulatory Approvals

Bajaj Auto has successfully secured all necessary regulatory approvals for this transaction. Here's a summary of the key approvals:

Implications and Next Steps

The Austrian Takeover Commission's decision confirms that BAIH's acquisition of control over Pierer Bajaj AG, and indirectly over PIERER Mobility AG, is for restructuring purposes. This ruling eliminates the need for a mandatory takeover bid to PIERER Mobility AG shareholders, subject to certain conditions:

1. BAIH must exercise the call option agreement within 20 trading days following the non-prohibition of the merger under EU regulations.
2. BAIH is required to immediately inform the Takeover Commission about the merger's non-prohibition and fulfillment of all conditions precedent.
3. BAIH must publish the change of control at PIERER Mobility AG promptly.

Bajaj Auto expects the final conditions to be met by November 10, 2025, after which BAIH intends to exercise the call option for all 50,000 shares in PIERER Bajaj AG, thereby acquiring sole control over PIERER Mobility AG.

This strategic move is expected to strengthen Bajaj Auto's presence in the European motorcycle market and potentially lead to synergies between the Indian and European operations.