Pune, July 22, 2026: Bajaj Auto has officially revealed the timeline for launching its first electric motorcycle, marking a significant step in the company’s strategy to expand beyond electric scooters and strengthen its position in India’s rapidly evolving electric vehicle market.
The announcement came during the company’s first-quarter FY27 earnings discussion, where executives outlined growth plans for the EV segment and highlighted record financial performance driven by strong domestic and international demand.
Bajaj’s First Electric Motorcycle Expected Next Financial Year
Bajaj Auto confirmed that its first electric motorcycle is scheduled to enter the market during the next financial year.
While the company has not yet disclosed technical specifications, pricing details, battery capacity, or the official model name, the move signals Bajaj’s intent to enter a segment that remains relatively underdeveloped compared to the electric scooter market.
See more of our coverage in your search results.
Add INDYASTORY on GoogleIndustry analysts view the decision as a strategic expansion aimed at capturing growing consumer interest in electric mobility while leveraging Bajaj’s strong presence in the conventional motorcycle market.
The launch will add a new dimension to Bajaj’s electric portfolio, which currently includes the highly successful Chetak electric scooter range and electric three-wheelers.
Chetak Continues to Drive EV Growth
The revival of the iconic Chetak brand has proven to be one of Bajaj Auto’s most successful electric mobility initiatives.
The company reported that electric vehicles contributed approximately 30% of its domestic business during the April–June 2026 quarter, underlining the increasing importance of EVs within its overall portfolio.
Strong demand for the Chetak has prompted Bajaj to increase manufacturing capacity.
See more of our coverage in your search results.
Add INDYASTORY on GoogleTo address supply constraints and reduce waiting periods, the company plans to raise monthly Chetak production capacity from 50,000 units to 60,000 units in the coming months.
The expansion is expected to improve product availability across key markets and support future growth targets.
Entering a Growing but Competitive EV Landscape
Bajaj’s electric motorcycle plans arrive at a time when competition in India’s electric two-wheeler industry is intensifying.
See more of our coverage in your search results.
Add INDYASTORY on GoogleSeveral manufacturers have expanded their EV investments over the past year, introducing new products and strengthening their charging, service, and technology ecosystems.
Major industry players including:
- TVS Motor
- Hero MotoCorp
- Ather Energy
have continued to broaden their electric vehicle portfolios, reflecting growing consumer acceptance of EV technology.
While electric scooters currently dominate sales volumes, the electric motorcycle segment is increasingly being viewed as the next major growth opportunity within India’s EV ecosystem.
Record Quarterly Financial Performance
Alongside its product roadmap, Bajaj Auto announced its strongest-ever quarterly financial performance.
For the April–June 2026 period, the company reported:
Key Financial Highlights
- Revenue from Operations: ₹17,244 crore
- Year-on-Year Revenue Growth: 37%
- Profit After Tax: Nearly ₹3,000 crore
- EBITDA: Exceeded ₹3,500 crore
- EBITDA Margin: Improved to 20.9%
The results reflect strong demand across domestic and export markets, supported by growth in both two-wheeler and three-wheeler segments.
EV Revenue Nearly Doubles
One of the most significant takeaways from the quarter was the rapid growth of Bajaj’s electric vehicle business.
According to the company, revenue from EV operations nearly doubled compared to the same quarter last year.
Management attributed some production limitations to manufacturing capacity and component availability, reinforcing the rationale behind the planned expansion of Chetak production facilities.
As battery technology improves and charging infrastructure expands, industry observers expect EV adoption to continue accelerating across urban and semi-urban markets.
Export Business Reaches New Milestone
Bajaj Auto also achieved a record-breaking quarter in exports.
For the first time, exports crossed the 700,000-unit mark, supported by strong demand in international markets.
Export Growth Drivers
- Significant expansion in Latin American markets
- Recovery across African markets
- Commercial vehicle export growth of nearly 70%
- Exports to Africa more than doubled year-on-year
- Nigeria emerged as a key contributor, recording nearly threefold growth
The strong export performance highlights Bajaj’s growing international footprint and its ability to diversify revenue streams beyond the domestic market.
What the Electric Motorcycle Could Mean for Bajaj
The upcoming electric motorcycle represents more than just a new product launch.
It marks Bajaj’s entry into a segment that could play a major role in India’s transition toward cleaner transportation over the coming decade.
Motorcycles account for a substantial share of India’s two-wheeler market, and successful electrification of this category could significantly accelerate EV adoption nationwide.
With its extensive dealership network, manufacturing expertise, and established brand recognition, Bajaj appears well-positioned to compete as the electric motorcycle market matures.
Looking Ahead
As India continues to push toward sustainable mobility solutions, Bajaj Auto’s upcoming electric motorcycle is expected to attract significant attention from consumers and industry stakeholders alike.
Combined with increased Chetak production and strong financial performance, the company’s latest announcements indicate a clear commitment to expanding its electric mobility footprint.
More details regarding the motorcycle’s design, battery technology, performance specifications, and launch timeline are expected to be revealed closer to its official debut.
