Quarterly Updates13 May 2026, 11:40 am
Bajaj Mobility AG Q1 2026: Revenue Up 70.2% to EUR 331.3 Mn
AI Summary
Bajaj Auto Ltd's step-down subsidiary, Bajaj Mobility AG (formerly PIERER Mobility AG), reported a significant improvement in operating performance for Q1 2026. Consolidated revenue increased by 70.2% to EUR 331.3 million. Motorcycle sales rose by 125.1% to 40,332 units, with motorcycle revenue up by 151.6%. EBITDA turned positive at EUR 5.5 million, and EBIT improved by EUR 65.5 million. The company successfully completed a EUR 550 million refinancing of KTM AG. Additional restructuring measures, including a workforce reduction of 500 employees, are expected to be completed by Q3 2026.
Key Highlights
- Q1 2026 revenue increased by 70.2% to EUR 331.3 million.
- Motorcycle sales increased by 125.1% to 40,332 units.
- EBITDA turned positive at EUR 5.5 million.
- KTM AG completed a EUR 550 million refinancing.
- Workforce reduction of 500 employees planned by Q3 2026.