Bajaj Auto bets on premium motorcycles, Chetak EV turbocharge in FY27
Chairman Niraj Bajaj lays out FY27 playbook: strengthen 125cc+ premium portfolio, accelerate KTM and Triumph, scale Chetak electric scooter, expand exports, and invest in EV and premium bike capacity. Comes alongside Rs 5,633 crore buyback signaling capital return confidence.
What happened
Bajaj Auto will strengthen its 125cc+ premium motorcycle portfolio, turbocharge Chetak electric scooter, accelerate KTM and Triumph brands, expand exports, and
Key facts
- Rs 5,633 crore buyback
- 125cc+ segment
- FY27
Why this matters
Bajaj's doubling down on KTM, Triumph, and Chetak opens partnership and supply-side M&A windows in premium ICE components, EV powertrains, and export distribution—scout targets that accelerate the FY27 roadmap.
What to watch
- Monthly Chetak registration share vs TVS iQube and Bajaj's stated 25% target
- 125cc+ segment mix in quarterly volume disclosure (currently ~40%)
- KTM AG restructuring outcome and impact on Bajaj's supply/royalty economics
- Export volumes to Africa/LatAm as Nigerian Naira and Egyptian Pound stabilise
- EV PLI disbursement and FAME-III policy clarity
- Gross margin trajectory amid commodity and battery cell pricing
- Launch refreshed Chetak variants with longer range and sub-Rs 1L pricing to defend share
- Expand Triumph 400 dealer network into tier-2/3 cities and ASEAN exports
- Announce dedicated EV platform/plant capex with timeline to reassure investors
- Push KTM CKD exports to Latin America and Africa to absorb Austrian parent's volume gap
- Introduce CNG bike variants beyond Freedom 125 to widen alt-fuel moat