The company announced that deliveries of Chetak have resumed across all dealerships after successfully addressing the constraints caused by global magnet shortages.In recent weeks, limited international component availability had temporarily moderated deliveries, while sustained and growing demand for Chetak added further pressure on supply.
With production restored ahead of schedule, Bajaj Auto reaffirmed its commitment to ensuring that every Chetak customer experiences the scooter’s reliability, performance, and design. Production and shipments recommenced on August 20, marking a faster-than-expected return to full capacity.Looking ahead, the company said it has secured sufficient supply of rare earth magnets and other key materials to ensure steady availability through the festive season.
Bajaj Auto recently reported its results for the June quarter, that were marginally better against the already muted expectations.
Net profit for the period increased by 5.4% from the same quarter last year to ₹2,096 crore. Revenue during the June quarter increased by 5.5% from the year-ago period to ₹12,584 crore.
EBITDA for the quarter stood at ₹2,481 crore. On expected lines, margins narrowed by 60 basis points to 19.7% from 20.3% last year, which was in-line with expectations of 19.7% as well. Margins have declined below the 20% mark after several quarters.
For the quarter, Bajaj Auto’s volumes increased by 1% from last year as well as on a sequential basis.
Bajaj Auto shares are now trading flat ₹8,674.50. The stock is up 5% in the last one month.
