Bajaj Auto has announced through regulatory filings that its step-down subsidiary KTM AG has successfully completed its debt restructuring process. The company secured a €550 million refinancing loan from four international banks and has now fully repaid all outstanding obligations to Bajaj Auto International Holdings BV under their facility agreement.

Loan Agreement Termination

KTM AG has pre-paid all outstanding dues under the facility agreement with Bajaj Auto International Holdings BV, marking the official termination of the agreement. The original secured term loan of €450 million was executed to support the restructuring process of KTM AG and its relevant subsidiaries.

Regulatory Disclosure and Corporate Structure

The disclosure was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. KTM AG operates as a wholly-owned subsidiary of Bajaj Mobility AG, which is itself a step-down subsidiary of Bajaj Auto Limited.

Banking Consortium and Refinancing Structure

The comprehensive refinancing package demonstrates strong institutional confidence in KTM AG's financial position. The €550 million loan involves four major international banks and carries favorable terms reflecting the company's creditworthiness within the Bajaj Auto group structure.

Debt Restructuring Completion

This development represents the successful completion of KTM AG's restructuring measures. The proceeds from the €550 million refinancing facility were used to repay the intra-group loan from Bajaj Auto International Holdings BV, which had provided KTM AG with a €450 million loan to finance the restructuring plan.

Operational Performance and Strategic Outlook

KTM AG's operating performance has shown significant improvement, with global retail sales increasing by around 60.00% in the second half compared to the first half. Wholesale deliveries were stabilized in line with market demand, and inventory levels were reduced by over 100,000 units. The group continued its motorsports success, winning Rally Dakar and securing additional world championship titles in Motocross and Enduro.

CEO Gottfried Neumeister stated that the successful refinancing demonstrates clear confidence from international banks in KTM AG's future, providing stability, flexibility, and momentum for the years ahead.

Bajaj Auto Limited reported strong sales performance for February 2026, achieving a 27% year-on-year growth in total vehicle sales. The company disclosed these figures in a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, the actual sales of 4,48,259 units fell short of analyst estimates of 4,62,020 units.

February 2026 Sales Performance

The company's total sales for February 2026 reached 4,48,259 units compared to 3,52,071 units in February 2025. Both domestic and export markets contributed significantly to this growth trajectory.

Two-Wheeler Segment Performance

The two-wheeler segment demonstrated robust performance with total sales of 3,79,921 units in February 2026, representing a 27% increase from 2,99,418 units in the corresponding period last year. Domestic two-wheeler sales grew 27% to 1,86,164 units, while exports increased 26% to 1,93,757 units.

Commercial Vehicle Segment Growth

The commercial vehicle segment showed even stronger momentum with 30% growth, reaching 68,338 units in February 2026 compared to 52,653 units in February 2025. Export performance in this segment was particularly noteworthy, with a 43% increase to 21,921 units.

Year-to-Date Performance

For the eleven-month period from April 2025 to February 2026, Bajaj Auto recorded total sales of 46,72,290 units, marking a 9% increase from 42,81,143 units in the corresponding period of the previous year. Export performance remained strong with 21% growth, while domestic sales showed modest 1% growth during this period.

The sales data was communicated to BSE Limited and National Stock Exchange of India Limited through an official communication signed by Rajiv Gandhi, Company Secretary & Compliance Officer, on March 2, 2026.