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Bloomberg Quint

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Image Credit: Bloomberg Quint

Bajaj Auto's EV Business Scaled Up To Make Margins Greener, Says Rakesh Sharma

  • According to Executive Director Rakesh Sharma, Bajaj Auto's electric vehicle (EV) business has scaled up and is delivering better operational income performance.
  • EVs now make up 25% of Bajaj Auto's domestic revenue, and the company achieved a 20% Ebitda margin in the previous three quarters of FY25.
  • Bajaj Auto registered a 93% growth in sales for March 2025 compared to the same period last year, primarily due to the boost from Gudi Padwa falling in March.
  • The company's newly launched Chetak on the 3S platform is expected to lead to cost savings and margin growth, while the profitability of the Chetak brand alone is still a quarter away.

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