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Bajaj Mobility AG (formerly Pierer Mobility AG) reported strong preliminary Q2 2026 results

ICICIdirect Research 17 Jul 2026 DISCLAIMER

News: In a press release, Bajaj Mobility AG (formerly Pierer Mobility AG) reported strong preliminary Q2 2026 results, with revenue rising 60% YoY to EUR 370 million from EUR 231 million, while first-half motorcycle revenue nearly doubled to EUR 700 million. Motorcycle sales outside India increased 71% to 48,672 units in Q2, driven by improving demand for KTM, Husqvarna and GASGAS brands. The company also returned to profitability, expecting an EBITDA margin of around 8.7% in Q2 compared with a -55.6% margin a year ago. Total global motorcycle sales in the first half reached 147,572 units, up 81% YoY, with detailed half-year results scheduled for August 27, 2026.

View: The preliminary figures indicate that Bajaj Mobility's restructuring and operational turnaround are gaining momentum. Strong volume growth, a sharp recovery in revenue and the return to positive EBITDA suggest that KTM's inventory correction is largely behind it and retail demand is improving across key export markets. The results are positive for Bajaj Auto, given its strategic partnership and stake in Bajaj Mobility. It is also positive for some of the domestic auto ancillary players like RaCL Geartech which supplier the components to KTM Global.

Impact: Positive

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