Bajaj Auto's subsidiary, formerly PIERER Mobility AG, now Bajaj Mobility AG, reported strong preliminary Q2 2026 results. Revenue surged to EUR 370 million, with motorcycle sales up 71%. The company also showed a significant EBITDA margin turnaround.
Bajaj Mobility AG Posts Strong Preliminary Q2 2026 Results
Revenue up 51% to EUR 370 million; Motorcycle sales jump 71% year-on-year.
Reader Takeaway: Positive turnaround with strong sales growth, but watch restructuring impact.
What just happened
Bajaj Auto's subsidiary, now renamed Bajaj Mobility AG, has announced provisional financial results for the second quarter of 2026 (ending June 30, 2026). The company reported a significant increase in revenue to EUR 370 million, a 51% rise compared to EUR 231 million in the same period last year. Motorcycle sales volume for the quarter reached 48,672 units, marking a substantial 71% increase from Q2 2025.
Furthermore, the company has demonstrated a remarkable operational turnaround. The EBITDA margin for Q2 2026 stood at 8.7%, a significant improvement from a negative 55.6% in Q2 2025. This turnaround is noted as being after the deduction of restructuring gains.
Why this matters
These preliminary figures signal a robust recovery and positive trajectory for Bajaj Mobility AG. The substantial revenue and sales volume growth, coupled with the shift from a significant EBITDA loss to a positive margin, indicates that strategic initiatives and restructuring efforts are paying off. The improved operational efficiency is a key positive for investors.
The backstory
In the first half of 2026 (HY1 2026), Bajaj Mobility AG sold a total of 147,572 motorcycle units, an 81% increase compared to HY1 2025. Of these, 89,004 units were sold directly outside India, and 58,568 units were sold through the strategic partner Bajaj Auto. This is a notable increase from the 34,950 units sold via the partner in the previous year, highlighting the strengthening relationship.
What changes now
The subsidiary, formerly PIERER Mobility AG, has been rebranded to Bajaj Mobility AG. This rebranding aligns the subsidiary's identity with its parent company, Bajaj Auto Limited, potentially simplifying brand recognition and strategic alignment going forward.
The company has also provided provisional figures for HY1 2026, showing an EBITDA margin of 5.4%, a significant recovery from -43.3% in HY1 2025. These improvements suggest a successful operational overhaul.
Risks to watch
Investors should note that the reported figures are provisional and subject to final audit. The full half-yearly financial results are expected on August 27, 2026. A key point to monitor is the impact of restructuring gains on the reported EBITDA margins. While the current figures show profitability, it's important to assess the underlying operational performance excluding these one-time gains.
Peer comparison
(No direct peer comparison data was provided in the filing.)
Context metrics (time-bound)
- Q2 2026 Revenue: EUR 370 million (vs. EUR 231 million in Q2 2025, up 51%)
- Q2 2026 Motorcycle Sales Volume: 48,672 units (vs. Q2 2025, up 71%)
- Q2 2026 EBITDA Margin: 8.7% (vs. -55.6% in Q2 2025)
- HY1 2026 Total Sales Volume: 147,572 units (vs. HY1 2025, up 81%)
- HY1 2026 EBITDA Margin: 5.4% (vs. -43.3% in HY1 2025)
What to track next
Investors should closely watch the final audited financial results scheduled for release on August 27, 2026. Monitoring the company's ability to sustain its sales growth and improve its core operational profitability, independent of restructuring gains, will be crucial.