New Delhi. Bajaj Auto is growing rapidly in the EV segment. For the last several months, it has also remained the second largest electric two-wheeler company in the country. Now the company has unveiled the timeline of bringing its first electric motorcycle to the market. Actually, the company will introduce its electric motorcycle in the next financial year. It wants to expand its electric vehicle portfolio beyond the Chetak range and three-wheelers. The announcement came during the company’s Q1 FY27 earnings call, where it also revealed plans to increase production of the Chetak following higher demand from the manufacturing product.
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CNG motorcycle sales remained down
The company brought back the Chetak nameplate for its first electric assault in the two-wheeler sector and it has paid dividends. It is currently one of the best-selling electric scooters in the domestic market. While the Freedom CNG offering met with only modest success, Bajaj is venturing into the less explored zero-emission motorcycle sector, which currently has little presence from mainstream manufacturers.
Contribution of electric vehicle was %
The company said electric vehicles contributed about 30% of its local business in the April-June 2026 quarter. In line with the popularity, the monthly production capacity of Chetak will be increased from 50,000 units to 60,000 units in the next few months to overcome the supply constraints. This announcement has come at a time when competitors in the electric two-wheeler segment are reaching new heights.
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Revenue increased to Rs 17,244 crore
Brands including TVS Motor, Hero MotoCorp and Ather Energy have strengthened their electric scooter portfolios with new investments to improve the future of this segment. Along with the product updates, Bajaj Auto reported its highest ever quarterly financial performance for the April-June 2026 period as revenue from operations grew 37% year-on-year to Rs 17,244 crore.
Its profit after tax increased by more than 40% to nearly Rs 3,000 crore and EBITDA crossed Rs 3,500 crore. Its margin saw an improvement of 20.9%. The domestic business recorded 26% revenue growth during the quarter with double-digit gains in both two-wheelers and three-wheelers. Revenue from the EV business almost doubled compared to the same period last year.
Huge sales in foreign markets
The company said production remained limited due to manufacturing capacity and component availability. It was another record quarter in terms of exports as Bajaj Auto crossed the Rs 7 lakh mark for the first time, driven by growth in Latin America and recovery in Africa. The company said exports to Africa more than doubled year-on-year, driven by a three-fold increase in Nigeria, and exports of commercial vehicles also increased by nearly 70%.
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