Bajaj Mobility AG Q1 2026 Revenue surges 70.2% to EUR 331.3 mn, Motorcycle sales up 125.1%
Bajaj Mobility AG reported a 70.2% revenue increase to EUR 331.3 million in Q1 2026. Motorcycle sales surged 125.1% to 40,332 units. EBITDA turned positive at EUR 5.5 million. KTM AG successfully refinanced EUR 550 million. The company initiated a workforce reduction of 500 employees.
The substantial revenue growth, positive shift in profitability, successful debt refinancing, and strategic workforce adjustments in a key subsidiary indicate a significant impact on the overall financial health and future prospects of Bajaj Auto.
The announcement shows significant revenue growth, improved profitability (positive EBITDA), successful refinancing, and strong sales performance, indicating a positive operational and financial turnaround.
Bajaj Auto Limited announced that its step-down subsidiary, Bajaj Mobility AG (formerly PIERER Mobility AG), has reported its first-quarter 2026 financial results. The company achieved significant revenue growth of 70.2% year-on-year, reaching EUR 331.3 million (approximately ₹3,000 crore).
Motorcycle unit sales more than doubled, increasing by 125.1% to 40,332 units compared to the first quarter of 2025. Motorcycle revenue saw an even more substantial rise of 151.6% to EUR 272.4 million (approximately ₹2,470 crore).
The company also reported a positive EBITDA of EUR 5.5 million, a significant improvement from a negative EUR 55.8 million in Q1 2025. EBIT improved by EUR 65.5 million, turning positive at EUR -26.1 million. Equity stood at EUR 350.7 million, with an equity ratio of 22.2% as of March 31, 2026.
A key financial highlight was the successful refinancing of KTM AG in February 2026, securing EUR 550 million from an international banking consortium. This enabled the full repayment of a restructuring loan from Bajaj Auto International Holdings B.V., strengthening the group's financial base.
As part of its restructuring, Bajaj Mobility AG initiated a workforce reduction of 500 employees, expected to be completed by Q3 2026. The company has also strengthened its management team with new appointments in sales leadership roles.
Looking ahead, the focus for 2026 remains on continuing the restructuring program and improving profitability through efficiency measures and streamlining the product portfolio. The company highlighted strong demand for its KTM, Husqvarna, and GASGAS brands and success in motorsport, including winning the 2026 Dakar Rally.
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