Intimation of ad hoc announcement and press release issued by Bajaj Mobility AG (formerly PIERER Mobility AG), a step-down subsidiary of Bajaj Auto Limited, titled Quarterly Report: 1st Quarter 2026.
BAJAJ-AUTO · price
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Bajaj Auto's step-down subsidiary Bajaj Mobility AG (formerly PIERER Mobility AG) reported a strong Q1 2026 with revenue up 70.2% to EUR 331.3 million. Motorcycle sales more than doubled to 40,332 units, while motorcycle revenue surged 151.6% to EUR 272.4 million. EBITDA turned positive at EUR 5.5 million versus a loss of EUR 55.8 million in Q1 2025. KTM AG successfully completed EUR 550 million refinancing in February 2026, enabling full repayment of the restructuring loan from Bajaj Auto International Holdings. The company initiated a workforce reduction of 500 employees expected to complete by Q3 2026 as part of its restructuring program.
The significant turnaround in Bajaj Mobility AG's operating performance and successful debt refinancing are positive developments for Bajaj Auto, strengthening the financial health of its premium motorcycle subsidiary. However, the subsidiary remains loss-making at EBIT level (-EUR 26.1 mn) and net income level (-EUR 35.1 mn), though losses have substantially narrowed.