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Bajaj Auto, the flagship company of Bajaj Group, is a two-wheeler and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more. Its headquarter is in Pune, India.It has acquired 48% of the KTM Brand which manufactures sports and super sports two-wheelers, which was 14% in 2007 when the company first acquired KTM.
Crisil Ratings Limited has reaffirmed Bajaj Auto's credit ratings for its various bank facilities, totaling Rs. 891.75 Cr. Long-term facilities, including Cash Credit, are rated Crisil AAA/Stable. Short-term facilities, such as Bank Guarantees and Overdraft, are reaffirmed at Crisil A1+.
Bajaj Mobility AG, Bajaj Auto's subsidiary, reported robust H1/26. Revenue surged 65% to EUR 701.4 mn. EBITDA turned positive at EUR 37.6 mn, and Q2 EBIT reached EUR 1.3 mn, positive post-restructuring. Fixed costs reduced by EUR 65.8 mn, and inventory streamlined, strengthening financials.
India Ratings and Research has affirmed Bajaj Auto's bank loan facilities at IND AAA/Stable/IND A1+ for Rs 1200 Cr. The 'Stable' outlook reflects the agency's confidence in the company's financial strength. This reaffirmation highlights Bajaj Auto's robust credit profile.