Bajaj Auto gets customs duty order on Li-ion battery imports, to appeal

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Price reactionminutes from the announcement price · days from the prior close

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₹8929.00

prior close

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.3%+0.9% vs market

2/3 Wheelers peers, median of 7sector-1.1%+1.7% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty 100 and 1.7 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Bajaj Auto received an order from the Commissioner of Customs (Export), Mumbai, alleging mis-classification on import of Li-ion batteries and denying a notification benefit. The order raises a demand of around Rs 76.10 lakh as differential customs duty, plus applicable interest, equivalent penalty and a Rs 60 lakh redemption fine. The company says it correctly classified the goods and is filing an appeal, adding that the order has no major financial implications.

Likely market impact

Minor impact as the company is appealing. Total exposure about Rs 1.36 crore plus interest, but management says no material financial effect.