The quarter’s headline is a 200,000‑unit haul for the Chetak EV, the company’s flagship affordable scooter. That figure is a 100 % jump over the 100,000 units sold in Q2 FY26, and it represents roughly a third of Bajaj’s overall domestic sales revenue.
When you line that up with the likes of Hero Electric’s iPulse or Ather’s 450‑Watt, the Chetak’s volume shows that price‑sensitive buyers are flocking to the lower‑cost, lower‑range option. Hero Electric sold 140,000 scooters last year, but its units are largely mid‑priced models; the Chetak’s success suggests a sweet spot around the ₹3–₹4 lakh range that competitors are still chasing.
The sales boost is mirrored in the books: revenue from operations climbed 34 % to ₹20,003 crore, with the electric segment’s ₹2,000 crore contribution driving the jump. Profit after tax rose 35 % to ₹3,354 crore, and when you factor in the company’s financing arm the consolidated net profit swelled 62 % to ₹3,436 crore. In plain terms, every extra 10,000 Chetak units sold translates to roughly ₹170 crore in incremental profit.
Policy angles matter too. The government’s EV mandate for commercial vehicles and the reduction in import duties on batteries are keeping costs down. The company’s export billings jumped 40 % to 778,528 units, led by Africa and Latin America, which means that the same price‑competitive strategy is working abroad as well.
Looking ahead, Bajaj Auto plans to roll out a higher‑range Chetak variant in early 2027, with a projected price tag that will still be under ₹4.5 lakh. The company also hinted at a new electric three‑wheeler launch later this year. Buyers should watch for the first‑quarter delivery slots and potential battery‑swap partnerships that could change the total cost of ownership.