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.