Bajaj Auto Rakesh Sharma On EV Boom: Petrol Supply Fears Give Electric Two-Wheelers A Second Push
ET Now · 28 Oct 2026 · 16 min
Management interview of Bajaj Auto Ltd (BAJAJ-AUTO), with 5 key numbers discussed.
- Rakesh Sharma, Joint Managing Director, Bajaj Auto
Bajaj Auto aims to maintain EBITDA margins above 20% through premium product mix, operating leverage, and targeted price increases to offset input cost inflation. Chetak EV production faced component constraints in September, but ramp-up began in October with targets to reach 80,000 units monthly capacity in Q4. Chetak is currently margin-accretive with double-digit profitability. Management projects 8-12% two-wheeler industry growth for the September-December period, expecting premium 150cc-plus motorcycles and EVs to outperform.