News ArticleBajaj Auto Posts Record Q2 FY27 Volumes and Earnings with 41% Export Volume Growth
Exports surge across Africa, Latin America, and Asia, domestic two-wheeler sales grow driven by 150cc motorcycles and EV scooters
Bajaj Auto Limited achieved record high volumes of 7.8 lakh units in Q2 FY27 with a 41% year-on-year export growth driven by robust performance in Africa, Latin America, and Asia. The company posted highest ever revenue, EBITDA, PAT, and free cash flow despite inflationary and logistical challenges, and restructured its organization to bolster domestic and international market execution.
Bajaj Auto Limited
Earnings Call Transcript
Bajaj Auto Limited reported record-breaking performance in Q2 FY27 with volumes reaching 7.8 lakh units and a 41% year-on-year growth in exports amid inflationary pressures and supply challenges. The company registered its highest ever revenue, EBITDA, PAT, and free cash flow while strengthening leadership and organizational structure.
The exports business achieved 7.8 lakh units in Q2 FY27, growing 41% year-on-year and maintaining volumes above 7 lakh for the second consecutive quarter. Growth was driven by markets including Africa (up 83% in motorcycle exports), Latin America (44%), and Asia (5%), despite declines in the Middle East and North Africa.
In Nigeria, Bajaj recorded retail sales of 30,000 units with a record market share nearing 60%. The new Boxer 125 heavy-duty model, launched early in FY26, contributed to a 50%+ export growth in Africa, supporting the region's overall outperformance.
Three-wheeler exports also rose notably to cross 1 lakh units this quarter, growing 41% in the first half of the fiscal year. Bajaj’s market share in two-wheeler and three-wheeler exports from India increased to 48% and 63% respectively in H1 FY27.
Domestically, the two-wheeler industry grew 18% from April to August, led by the 150cc segment and electric scooters. Bajaj expects continued double-digit growth in the September to December festive period, fueled by the Pulsar motorcycle portfolio and Chetak electric scooters.
The company reorganized its leadership by establishing Chief Business Officer roles for exports and domestic two-wheelers, creating regional presidents for key markets, and restructuring procurement, operations and R&D leadership to support growth and execution.
Highlights
- Q2 FY27 export volumes reached 7.8 lakh units, a 41% increase year-on-year.
- Motorcycle exports grew 83% in Africa and 44% in Latin America despite regional industry declines elsewhere.
- Three-wheeler exports crossed 1 lakh units in the quarter, up 41% in H1 FY27.
- Domestic two-wheeler sales grew 18% April-August, driven by 150cc segment and electric scooters.
- Bajaj’s market share in Indian two-wheeler exports rose from 44% to 48%; in three-wheelers from 60% to 63%.
- Organizational restructuring includes new Chief Business Officers and regional presidents for focused market growth.
Key Data Snapshot
What happened
- Bajaj Auto Limited reported record volumes of 7.8 lakh units in Q2 FY27 with export volumes growing 41% year-on-year.
- The company achieved its highest ever revenue, EBITDA, profit after tax, and free cash flow in Q2 FY27 despite inflationary and logistical challenges.
- Organizational restructuring introduced new leadership roles focused on international and domestic business units.
Key details
- Exports surpassed 7 lakh units for the second consecutive quarter, led by strong growth in Africa, Latin America, and Asia markets.
- In Africa, motorcycle exports grew by 83% year-on-year, supported by the new Boxer 125 heavy-duty model.
- Three-wheeler exports in the quarter exceeded 1 lakh units, growing 41% in first half FY27.
- Domestic two-wheeler industry grew 18% April to August FY27, driven especially by 150cc motorcycle and electric scooter segments.
- Bajaj’s market share in Indian two-wheeler and three-wheeler exports increased to 48% and 63% respectively in H1 FY27.
Strategic context
- Leadership appointments included creation of Chief Business Officer roles for exports and domestic two-wheelers.
- New president-level roles were created to manage African, Asian, Latin American, and advanced export markets.
- The domestic market was segmented into India 1 and India 2 regions, each headed by a president to improve market focus.
- Product focus continues on Pulsar motorcycles 125cc and above, Chetak electric scooters, KTM and Triumph brands for domestic growth.
Regulatory and governance context
- No specific regulatory or legal updates disclosed in this filing.
- GST effects on two-wheeler industry volumes noted as ongoing influences on market trends.
Highlights
- Q2 FY27 export volumes reached 7.8 lakh units, a 41% increase year-on-year.
- Motorcycle exports grew 83% in Africa and 44% in Latin America despite regional industry declines elsewhere.
- Three-wheeler exports crossed 1 lakh units in the quarter, up 41% in H1 FY27.
- Domestic two-wheeler sales grew 18% April-August, driven by 150cc segment and electric scooters.
- Bajaj’s market share in Indian two-wheeler exports rose from 44% to 48%; in three-wheelers from 60% to 63%.
- Organizational restructuring includes new Chief Business Officers and regional presidents for focused market growth.
Disclosures
- Reference to GST impact on industry volumes
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