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Bajaj Auto Ltd - Stock Valuation and Financial Performance

BSE: 532977 | NSE: BAJAJ-AUTO | Automobile Two & Three Wheelers | Large Cap

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Bajaj Auto Share Price

 ₹7,563.30 99.75 1.34%
as on 07-Mar'25 16:59

DeciZen - make an informed investing decision on Bajaj Auto

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Weak
Check Price chart

Bajaj Auto stock performance -

PE Chart Key Ratios
P/E Ratio (CD):
28.03
Market Cap:
2,11,210.9 Cr.
52-wk low:
7,308
52-wk high:
12,772.2

Is Bajaj Auto Ltd an attractive stock to invest in?

1. Is Bajaj Auto Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bajaj Auto Ltd is a good quality company.

2. Is Bajaj Auto Ltd undervalued or overvalued?

The key valuation ratios of Bajaj Auto Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Bajaj Auto Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bajaj Auto Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bajaj Auto:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bajaj Auto Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % ⓘ38.2%44.8%34.8%30.8%31.7%29.7%25.4%26.7%26.5%33.5%-
Value Creation
Index ⓘ		2.43.02.11.71.81.61.31.41.42.0-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ21,61422,58721,76725,21930,35829,91927,74133,14536,45544,87048,312
Sales YoY Gr.-4.5%-3.6%15.9%20.4%-1.5%-7.3%19.5%10%23.1%-
Adj EPS ⓘ109.4140.3141.1146160.3178.8168.1190.5209.4276.2269.8
YoY Gr.-28.3%0.6%3.5%9.7%11.6%-6%13.3%9.9%31.9%-
BVPS (₹) ⓘ383.4484.5617.1705.9802.9748.3941.91,030.81,035.51,033.71,188
Adj Net
Profit ⓘ		3,1654,0594,0834,2264,6375,1734,8655,5125,9247,7127,534
Cash Flow from Ops. ⓘ2,1143,6903,2674,3282,4873,8503,1204,1975,2776,558-
Debt/CF from Ops. ⓘ0.10000.100000.3-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ8.5%8.1%17.4%23.1%
Adj EPS ⓘ10.8%11.5%18%31.9%
BVPSⓘ11.7%5.2%3.2%-0.2%
Share Price 13.6% 22.6% 31.7% -14.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		29.832.325.622.121.223.119.919.32026.424.3
Op. Profit
Mgn % ⓘ		19.321.220.419.217.117.117.915.817.719.520.8
Net Profit
Mgn % ⓘ		13.71818.816.815.317.317.516.616.317.215.6
Debt to
Equity ⓘ		0000000000.1-
Working Cap
Days ⓘ		5953565254617467545052
Cash Conv.
Cycle ⓘ		-16-17-20-22-17-14-17-17-18-2115

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.30%

Sales growth is growing at healthy rate in last 3 years 17.38%

Net Profit is growing at healthy rate in last 3 years 18.00%

Sales growth is good in last 4 quarters at 18.15%

No data to display

Latest Financials - Bajaj Auto Ltd.

Standalone Consolidated
TTM EPS (₹) 287.8 269.8
TTM Sales (₹ Cr.) 47,730 48,312
BVPS (₹.) ⓘ 1,054 1,188
Reserves (₹ Cr.) ⓘ 29,156 32,895
P/BV ⓘ 7.18 6.37
PE ⓘ 26.28 28.03
From the Market
52 Week Low / High (₹) 7308.00 / 12772.15
All Time Low / High (₹) 147.32 / 12772.15
Market Cap (₹ Cr.) 2,11,211
Equity (₹ Cr.) 279.3
Face Value (₹) 10
Industry PE ⓘ 28.1

Quarterly Results

Standalone Basis
Consolidated Basis
 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.)ⓘ 11,250 29.911,558 14.912,816 21.112,689 6.7
Adj EPS (₹) ⓘ 72.1 19.669.6 19.749.6 -30.578.6 9.5
Op. Profit Mgn % ⓘ 20.30 117 bps20.51 129 bps20.71 59 bps21.68 137 bps
Net Profit Mgn % ⓘ 16.68 130 bps16.27 33 bps14.84 -210 bps16.67 -4 bps

Management X-Ray of Bajaj Auto:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:55.04%Institutions:22.51%Non-Institutions:22.45%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%60%
Pledged *0.010.010.010.010.010.010.010.010.010.01
* Pledged shares as % of Promoter's holding (%)

Valuation of Bajaj Auto

MRP
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DPS
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MRP: ₹ 0
DP: ₹0
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DPS ₹:
MOS (%):
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Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
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Future PE:
0
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200
YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

Bajaj Auto: Q2 FY25 Result update - 17 Oct 2024

Particulars

(Consolidated)

Q2 FY25 (Rs. Cr)

YoY trend

Comment

Sales

13,247

+22%

Domestic 2W volumes jumped 16% to 12.2 lakh in H2 FY25  while exports grew 6%

EBITDA

2,073

-3%

 

EBITDA Margin

15.65%

-400 bps

Margin was hit because of change in product mix towards EV portfolio

Net profit

1,385

-31%

PAT fell on account of a one-time tax adjustment due to changes in finance act

Bajaj Auto reported a drop in profits in Q2 even though sales increased by 22%. This was on account of mainly two factors-

1. The E2W (Chetak), E3W (Maxima), and CNG (Freedom 125) portfolio of the company doesn’t make significant profits as of now. An increase in sales mix towards this segment led the margins to fall from ~20% to 16%. 

2. Due to the recent changes in the Finance Act, indexation benefits on debt mutual fund investments have been removed. Bajaj Auto holds cash and investments worth ~Rs. 25,000 Cr on its balance sheet which is mainly in debt mutual funds. With the indexation benefits gone, the tax liability on income from these investments has increased and thus the company has booked a deferred tax expense. This has further led to a fall in profits for the company.

Markets reaction to the results was negative as shares of Bajaj Auto tumbled 12% on October 17. This comes as the management revised its growth outlook for two-wheeler sales in India to a modest 5 %, which was at the lower end of their earlier estimate of 5-8 %.

The other reason for this negativity was that festive season sales were muted. Post Shradha, sales recovery was slow. Management is optimistic about the full-year numbers as things might improve going ahead as we arrive at the year's end. 

Bajaj Auto: Partial Sell Note - 23 Jan 2024

We had given a buy call in Bajaj Auto on 22 March 2022 at Rs. 3,656. It has almost doubled since then. In this period, the things that have developed positively for Bajaj Auto are:

  1. Improved Operating margins: Operating margins for Bajaj Auto were hovering around the range of 16-18% from the past 4 years, however in FY23, the company delivered an operating margin of 19% and 20% in Q2FY24. This improvement was aided by reducing raw material costs and higher sales volume led operating leverage benefits.
  2. Revised Dividend Policy: The Company in Oct 2023 revised its dividend policy wherein it would distribute more than 70% of its profits if its surplus funds are over Rs. 15,000 Cr. Investors getting clarity of this payout via dividend and buyback was a significant reason for the run-up in the stock.

Future triggers:

Going forward, we see the following triggers playing out positively:

  1. Exports have been sluggish recently due to weak macroeconomic conditions, especially in developing countries. We expect a gradual improvement in export volume in the coming year.
  2. Chetak is an established brand in the Indian EV space and market share gain in this segment should bode well for the company.
  3. Bajaj has made several new launches in the Premium segment; this along with the Ramp-up of Triumph distribution network (targeted capacity of about 10,000 units per month by the end of the year) shall provide further growth for the company.

Buy-back Update: 

The company recently announced a Buyback worth Rs. 4,000 Cr at the price of Rs. 10,000 per share. Currently, the company has an investments + Cash balance of more than Rs. 18,500 Cr, and the buyback amounts to less than 25% of the company’s surplus funds. The company should find venues to invest this capital at a high ROE else it should be distributed back to the shareholders. Buyback is done at a significant premium to the current market price, but the buyback size is not very large and thus the acceptance ratio would range between 4-10% for retail shareholders (investors holding shares worth less than Rs. 2 Lakh). For HNIs, this number would be much lower at 1-2%. Also, the buyback process would take 1-2 months, holding all shared till then would be risky. 

Moneyworks4me Opinion 

We should understand that Bajaj Auto due to its high market share in the Indian as well as export markets is a steady compounder of capital and not a high-growth stock. Therefore, after getting decent returns in a short period, we should redeploy funds in better opportunities so that the overall CAGR for the portfolio increases. Fundamentals have not declined for the company but the price you pay today determines your future returns and incremental returns look moderate at this valuation.

Bajaj Auto: Q1FY24 Result Update - 28 Jul 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

10,312

29%

Revenue growth driven by 31% QoQ volume growth in 2Ws on domestic front

 

EBITDA

1,932

50%

 

EBITDA Margin

18.7%

+270 bps

Operating leverage benefits

PAT

1,644

41%

 

Good performance even after the slowdown in exports.

 

Bajaj Auto: Q4FY23 Result Update - 28 Apr 2023

Net sales declined by 9.4% QoQ to INR 8,905 crore. Blended ASPs for the quarter increased by 9.4% QoQ to INR 1 lakh/unit. Total volumes for the quarter fell by 12.8% QoQ to 8.6 lakh units, with exports share in volumes at 40% compared to 45% in Q3FY23. The share of 3-Wheeler vehicles in volumes rose by approximately 220 bps QoQ to 15.7% in Q4FY23.

Good result with better than expected margin which largely driven by higher spares and a better-than-expected export mix.

 

Bajaj Auto: Production cut impacts MRP estimates - 28 Feb 2023

On February 27th, Bajaj Auto announced an expected 25% production cut for a minimum of three quarters due to concerns regarding Nigeria, which has been affected by demonetization, inflation and political uncertainty. Nigeria forms one fourth of the company’s exports.

This impacts MoneyWorks4me estimates for FY23 sales as well as volume growth expectations factored in the valuations

 

Bajaj Auto: Quarterly Result Update - 27 Jul 2022

Click here for 10 year X-ray

View All Notes

Key Ratios of Bajaj Auto

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Peer Comparison

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Bajaj Auto 7,563.3 99.8 (1.3%) Large Cap 44,870 269.8 17.2 27.7 6.3
Hero MotoCorp 3,651.6 0.6 (0%) Large Cap 37,456 227.2 10.7 16.1 3.5
TVS Motor 2,331.6 11.5 (0.5%) Large Cap 31,776 49.3 6.3 47 11.6
Eicher Motors 5,097.9 3.6 (0.1%) Large Cap 16,536 162.1 24.2 31.4 7

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales21,61422,58721,76725,21930,35829,91927,74133,14536,45544,870
Operating Expenses ⓘ 17,50617,80517,34920,38325,16824,82322,82227,91730,00736,149
Manufacturing Costs8498707477538699497921,0481,0311,094
Material Costs14,86315,05714,62417,41021,79821,00819,61024,33026,12131,893
Employee Cost 8668839971,0691,2571,3911,2881,3631,4841,627
Other Costs ⓘ 9279959801,1511,2451,4751,1321,1771,3701,535
Operating Profit ⓘ 4,1094,7814,4184,8365,1905,0964,9195,2286,4498,721
Operating Profit Margin (%) 19.0%21.2%20.3%19.2%17.1%17.0%17.7%15.8%17.7%19.4%
Other Income ⓘ 5889851,2231,1581,3441,5251,2821,3061,1901,476
Interest ⓘ 611143794060
Depreciation ⓘ 267307307315266246259270286365
Exceptional Items ⓘ -34000-323420081700
Profit Before Tax ⓘ 4,0835,6795,5885,9336,9566,6926,2417,6527,84210,040
Tax ⓘ 1,2711,6181,5081,7142,0281,4801,3841,4861,7822,332
Profit After Tax 2,8124,0614,0794,2194,9285,2124,8576,1666,0607,708
PAT Margin (%) 13.0%18.0%18.7%16.7%16.2%17.4%17.5%18.6%16.6%17.2%
Adjusted EPS (₹)104.6140.4141.0145.8170.3180.1167.9213.1214.2276.1
Dividend Payout Ratio (%)48%39%39%41%35%67%83%66%65%29%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 11,09514,02017,85720,42523,23421,65227,25729,82729,29928,860
Share Capital ⓘ 289289289289289289289289283279
Reserves ⓘ 10,80613,73117,56720,13622,94421,36326,96729,53829,01628,581
Minority Interest0000000000
Debt1121181201211251261211231241,912
Long Term Debt112118120121125126121123124759
Short Term Debt0000000001,153
Trade Payables1,7612,0272,2363,2443,7873,2004,5743,6324,1215,597
Others Liabilities ⓘ 2,9981,0751,4251,3511,6891,5331,6501,5291,5922,975
Total Liabilities ⓘ 15,96617,24021,63825,14128,83426,51033,60235,11135,13639,344

Fixed Assets

Gross Block4,6324,4354,5334,4494,2264,0884,2774,5645,5656,185
Accumulated Depreciation2,1842,4092,5902,6282,5182,4432,6622,7792,7733,017
Net Fixed Assetsⓘ 2,4482,0261,9431,8211,7081,6451,6151,7852,7923,168
CWIP ⓘ 255524256486016778535
Investmentsⓘ 8,98511,00715,47718,89520,60319,91424,68726,63426,18328,087
Inventories8147197287439621,0641,4941,2311,5641,689
Trade Receivables7177189531,4922,5601,7252,7171,5161,7522,076
Cash Equivalents 593867301793933316539958690955
Others Assetsⓘ 2,1541,8522,1921,3422,0211,7862,5342,9102,0703,334
Total Assets ⓘ 15,96617,24021,63825,14128,83426,51033,60235,11135,13639,344

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 2,1143,6903,2674,3282,4873,8503,1204,1975,2776,558
PBT ⓘ 4,0835,6795,5885,9336,9566,6926,2417,6527,84210,040
Adjustment ⓘ -38-751-974-1,012-1,706-1,530-1,281-2,352-1,233-1,256
Changes in Working Capital ⓘ -6465821571091-798366-501599587161
Tax Paid ⓘ -1,285-1,819-1,503-1,685-1,964-1,678-1,340-1,702-1,919-2,387
Cash Flow From Investing Activity ⓘ -414-113-3,683-2,053-3381,556-2,868-811,200-344
Capex -295-267-197-183-108-280-254-518-938-694
Net Investments -35598-3,583-1,936-2461,801-2,6891962,174-143
Others ⓘ 235569766153575241-37493
Cash Flow From Financing Activityⓘ -1,644-3,384-190-1,885-2,074-6,247-20-4,056-7,181-6,167
Net Proceeds from Shares ⓘ 00000000087
Net Proceeds from Borrowing ⓘ 535013030-500632
Interest Paid ⓘ -60-10-4-2-5-7-38-59
Dividend Paid ⓘ -1,445-2,863-173-1,588-1,736-5,195-9-4,049-4,047-3,960
Others ⓘ -246-571-29-297-337-1,04900-3,096-2,867
Net Cash Flow ⓘ 56193-60638974-84023260-70447

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)26.4532.3425.622.0422.5723.2219.8621.620.526.51
ROCE (%)38.1644.8234.8130.8131.7129.6625.4126.726.5133.47
Asset Turnover Ratio1.441.441.191.11.121.080.920.971.051.21
PAT to CFO Conversion(x)0.750.910.81.030.50.740.640.680.870.85
Working Capital Days
Receivable Days12111317242629231615
Inventory Days12121110101217151413
Payable Days48465357596172625456

Bajaj Auto Ltd Stock News

Bajaj Auto Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bajaj Auto on 07-Mar-2025 16:59 is ₹7,563.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Mar-2025 16:59 the market cap of Bajaj Auto stood at ₹2,11,210.9.
The latest P/E ratio of Bajaj Auto as of 07-Mar-2025 16:59 is 26.28.
The latest P/B ratio of Bajaj Auto as of 07-Mar-2025 16:59 is 7.18.
The 52-week high of Bajaj Auto is ₹12,772.2 and the 52-week low is ₹7,308.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Auto is ₹47,730 ( Cr.) .

About Bajaj Auto Ltd

The Bajaj group's flagship company, Bajaj Auto, is ranked as the world's third largest motorcycle manufacturer and its largest three wheeler & quadricycle manufacturer. The Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South and South East Asia.

In 2007, Bajaj Auto acquired a 14% stake in KTM that has since grown to 48%. This partnership catalysed Bajaj Auto’s endeavour to democratise motorcycle racing in India. The company today exclusively manufactures Duke range of KTM bikes and exports them worldwide. In FY2018, KTM was the fastest growing motorcycle brand in the country. It has also led the pioneering introduction of India’s first ever Quadricycle - Qute. The company exports to several countries and a significant share of revenues come from Exports. This stands as a testament to the new brand image - The World’s Favourite Indian.

Business area of the company

Bajaj Auto is an Indian company which manufactures motorcycles, three-wheelers and quadricycles.

Awards and Accolades:

  • 2011-12: IIM Lucknow National Leadership Award.
  • 2011-12: NDTV Profit Business Leadership Award Young Business Leader.
  • 2011-12: CNBC TV18 Outstanding Business Leader of the Year.
  • 2014-15: Waluj plant has been recognised with ‘Excellent Energy efficient unit award’ for 2014 by CII.
  • 2015-16: Best Energy Efficient plant Award by TV 100 for Pantnagar Plant.
  • 2015-16: Excellence in Energy Conservation and Management by MEDA for Waluj Plant.
  • 2015-16: Green Manufacturing Excellence Award by Frost and Sullivan for Chakan Plant
  • 2016-17: National Energy Management Award 2016 for 'Excellent Energy Efficient Unit' by CII to Waluj Plant.
  • 2016-17: National Award for Excellence in Water Management 2016 by CII to Waluj Plant.
  • 2016-17: BAL Chakan received 'Certificate of Merit' Award in National Energy Conservation Award, by Bureau of Energy Efficiency.
  • 2016-17: BAL Chakan received ISO 14001 Certification for upgraded standard (2015).
  • 2017-18: The company’s Waluj Plant clinched National Energy Management Trophy 2017 for 'Excellent Energy Efficient Unit' by Confederation of Indian Industry.
  • 2017-18: BAL Chakan and Pantnagar plants received ISO 14001 Certification for upgraded standard ISO 14001:2015 from ISO 14001:2008.
  • 2018-19: The company’s Commercial vehicles manufacturing plant at Waluj and the Motorcycle manufacturing plant at Pantnagar received the Special award for TPM achievement from JIPM, Japan. This award is for a plant that has achieved a very high level in its practice of TPM methodology.
  • 2019-20: The company’s manufacturing plant at Chakan received the TPM Advance Special Award.
  • 2019-20: The company’s Waluj plant received the IMS certification (EMS + OSHAS).

Achievement:

  • 1945: Bajaj Auto comes into existence as Bachraj Trading Corporation Private Limited.
  • 1948: Sales in India commence by importing two- and three-wheelers.
  • 1959: Obtains licence from the Government of India to manufacture two- and three-wheelers.
  • 1960: Becomes a public limited company.
  • 1960: Bhoomi Poojan of Akurdi Plant.
  • 1970: Rolled out its 100,000th vehicle.
  • 1971: The company introduced its three-wheeler goods carrier.
  • 1972: The company introduced Bajaj Chetak.
  • 1975: Bajaj Auto & Maharashtra Scooters entered into a joint venture.
  • 1976: The company introduced Bajaj Super.
  • 1977: Introduced rear engine autorickshaw and achieved production and sales of 100,000 vehicles in a single financial year.
  • 1981: Bajaj Auto launched Bajaj M-50.
  • 1984: The foundation stone laid for the new plant at Waluj, Aurangabad.
  • 1985: The Waluj plant inaugurated by the erstwhile President of India, Giani Zail Singh. The company commenced production at Waluj, Aurangabad in a record time of 16 months.
  • 1986: The Bajaj M-80 and the Kawasaki Bajaj KB100 motorcycles were introduced. The company produced and sold 500,000 vehicles in a single financial year.
  • 1990: The Bajaj Sunny was introduced.
  • 1991: The company introduced Kawasaki Bajaj 4S Champion.
  • 1994: The Bajaj Classic is introduced.
  • 1995: Bajaj Auto turned into a 50-year old company. It signed agreements with Kubota of Japan for the development of diesel engines for three-wheelers and with Tokyo R&D for ungeared scooter and moped development. The Bajaj Super Excel is introduced while Bajaj celebrated its ten millionth vehicle. The same year one million vehicles were produced and sold by company in that financial year.
  • 1997: The Kawasaki Bajaj Boxer and the RE diesel Autorickshaw are introduced.
  • 1998: The company commenced production at Chakan plant. It rolled out Kawasaki Bajaj Caliber from its Waluj plant. Bajaj Auto launched Legend, India's first four-stroke scooter from Akurdi plant. The same year Spirit was launched.
  • 1999: Caliber motorcycle notched up 100,000 sales in record time of 12 months.
  • 2000: The company launched Bajaj Saffire.
  • 2001: Launched its latest offering in the premium bike segment 'Pulsar'. The same year Eliminator was launched.
  • 2003: Bajaj Pulsar DTS-i was launched. The company sold 107,115 motorcycles in a month. The company launched Bajaj Wind 125, The World Bike in India. It launched its Caliber115 'Hoodibabaa!' in the executive motorcycle segment.
  • 2004: Bajaj Discover DTS-I, new Bajaj Chetak 4-stroke with wonder gear and Bajaj CT100 were launched. Bajaj unveiled new brand identity, new symbol, logo and brandline.
  • 2005: Bajaj Discover, Bajaj Avenger DTS-I and Bajaj Wave DTS-I were introduced.
  • 2006: Bajaj Platina was launched.
  • 2007: RE GDi autorickshaw, Bajaj XCD 125 DTS-Si, Bajaj Pulsar 220 DTS-Fi, 200 cc Pulsar DTS-I and Bajaj Kristal DTS-i were launched. The company also underwent through revamping of its organisational structure.
  • 2008: Bajaj Platina 125 DTS-Si was launched.
  • 2009: Bajaj Pulsar 150 & 180 upgrade and Bajaj XCD 135 DTS-Si were launched
  • 2010: Bajaj Auto launched a 135 cc Pulsar, priced at Rs 51,000, pushing the Pulsar brand into the mass segment.
  • 2011: April, Bajaj Records its best year ever of 2010.
  • 2011: Bajaj Auto ties-up with SBI for inventory finance to dealers2012 -Bajaj Auto tied up with Japan’s Kawasaki in Indonesia
  • 2013: The Company introduced another variant of premium motorcycles under the Bajaj-KTM joint venture namely Duke 390cc for a price of Rs 1.83 lakh. The company also received 'CII Design Excellence Award'.
  • 2014: Bajaj Auto bagged order in Sri Lanka -People's Choice Bike of the Year - CNBC TV18 Overdrive Awards. The Company has also received Bike of the Year BBC Topgear Awards.
  • 2015: Bajaj Auto has introduced the all-new Platina electric start 100 cc bike to the long-distance commuter.
  • 2017: Triumph motorcycles and Bajaj have entered into global partnership.
  • 2020: Launches BS-VI range of commercial vehicles across brands.
  • 2020: Launches BS-VI compliant Pulsar 150 model.
  • 2020: Launches Chetak electric scooter.
  • 2020: Introduces Husqvarna premium motorcycle brand in India.
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