Dhoot Transmission scales EV components as Bajaj targets 1,000 Chetak stores
Dhoot Transmission’s EV-related sales reached 27% of Q1FY27 revenue, with EV revenue up 79.2% year-on-year to Rs 390.5 crore. Added harness capacity and Multilink integration position it for rising OEM demand, including Bajaj’s planned Chetak retail-network expansion from 530-550 stores to 1,000.
What happened
Dhoot Transmission is scaling EV battery packs, controllers and other components, supported by Multilink integration and added capacity. Its growth is tied to
Key facts
- EV-related sales were 27% of Q1FY27 revenue, versus 24% in FY26
- Q1FY27 EV revenue rose 79.2% YoY to Rs 390.5 crore
- Q1FY27 revenue rose 49.7% YoY to Rs 1,446.4 crore
- Bajaj plans to expand Chetak retail network from 530-550 stores to 1,000
- New manufacturing units are expected to lift wiring-harness capacity by 15%-20% in FY27
Why this matters
Bajaj’s plan to nearly double Chetak stores to 1,000 signals a need for coordinated EV parts availability, service readiness and supply-chain capacity across the expanding retail network.
What to watch
- Chetak network reaching approximately 700 stores and evidence of sustained same-store retail throughput.
- Dhoot EV revenue mix exceeding 30% for two consecutive quarters.
- Bajaj EV market-share gains or production guidance increases following network expansion.
- Announcements of additional harness capacity, new plants or capex that imply committed OEM order visibility.
- Dealer-level discounting, elevated inventory, delayed outlet openings or slower-than-expected EV registration growth.