Bajaj Auto reports strong Q1 profit increase, driven by export growth and electric vehicle sales.

Bajaj Auto reported a 14% increase in Q1 profit to ₹2,210 crore, beat expectations, and saw strong export growth of 16%. Despite an 8% drop in domestic sales, the company's electric vehicles now account for over 20% of domestic revenues, with Chetak scooters seeing volume doubling. Bajaj managed to mitigate supply disruptions caused by rare earth magnet shortages. Revenue from operations rose 10% to ₹13,133 crore, driven by robust performance in premium bikes, commercial vehicles, and EVs.