Bajaj Mobility Q3 Revenue Rises 57% to ₹3,725 Crore

Bajaj Mobility AG, the Austrian step-down subsidiary of Bajaj Auto, reported a 57% year-on-year increase in consolidated revenue to €351.1 million (approximately ₹3,725 crore) in the third quarter of 2026, compared with €223.6 million (₹2,372 crore) in the corresponding quarter last year. The company also reported positive earnings before interest and tax (EBIT) of €11.3 million (₹120 crore), against a loss of €71 million (₹753 crore) in Q3 2025.

For the first nine months of 2026, Bajaj Mobility's revenue increased to €1,052.5 million (₹11,167 crore) from €648.8 million (₹6,884 crore) in the corresponding period last year, taking its nine-month revenue beyond the €1 billion mark.

Motorcycle sales across its KTM, Husqvarna Motorcycles and GASGAS brands increased 51.1% year on year to 47,390 units in Q3 2026, compared with 31,362 units in Q3 2025. Motorcycle revenue from these brands rose 84% to €288.3 million (₹3,059 crore), against €156.6 million (₹1,662 crore) in the year-ago quarter.

The company reported EBITDA of €40.7 million (₹432 crore) for the quarter, compared with negative EBITDA of €38 million (₹403 crore) in Q3 2025. Its EBITDA margin improved to 11.6%, against a negative 17.2% in the corresponding period last year.

EBIT increased from €1.3 million (₹14 crore) in Q2 2026 to €11.3 million (₹120 crore) in Q3 2026. The EBIT margin stood at 3.2%, compared with a negative 31.7% in Q3 2025. Bajaj Mobility had returned to positive EBIT in Q2 2026, marking the first positive quarterly EBIT since its previous loss-making period.

Nine-Month Motorcycle Sales Increase 75.4%

During the first nine months of 2026, motorcycle sales across KTM, Husqvarna and GASGAS increased 75.4% to 136,363 units, compared with 77,748 units in the corresponding period last year. Motorcycle revenue for these brands rose to €867.9 million (₹9,208 crore) from €434.4 million (₹4,609 crore).

In India, Bajaj sold 91,704 motorcycles during the nine-month period, compared with 55,427 units in the corresponding period of 2025. Including these sales, worldwide motorcycle sales of the KTM, Husqvarna and GASGAS brands reached 228,067 units, against 133,175 units a year earlier.

Bajaj Mobility said global motorcycle inventories across the group, dealers and importers remained stable during Q3 2026, following inventory reductions in the preceding quarters.

Bajaj Mobility Focuses on Profitability and Cash Flow

For the remainder of the financial year, Bajaj Mobility plans to focus on improving profitability and free cash flow. Its priorities include optimising cost and organisational structures, reviewing its product and project portfolio, and maintaining inventories at sustainable and efficient levels.

The Q3 2026 results were disclosed by Bajaj Auto to the Indian stock exchanges on November 3, 2026, under its regulatory filing obligations.