Bajaj Auto approaches breakeven in its electric vehicle (EV) division because its Chetak electric scooter and electric three-wheelers (E-3Ws) have established strong market presence. The company announced during its Q4FY25 earnings call that it approaches EBITDA-level breakeven after experiencing significant losses during the previous year.
The December 2024 launch of the Chetak 35 Series has generated powerful sales which have substantially enhanced the financial performance of each unit. Bajaj Auto attributes its ability to absorb competitive EV market price pressures to government incentives such as the Production Linked Incentive (PLI) scheme.
Bajaj Auto’s EV division which previously harmed profits now operates at a “marginal profit” level. The E-3W segment has become essential for the company according to management because it now generates substantial profits.
Bajaj Auto achieved a 6% increase in net profit to ₹2,049 crore while generating ₹12,148 crore in revenue during Q4FY25 through strong export performance and beneficial foreign exchange movements.
The Chetak electric scooter achieved the position of best-selling EV during the March quarter while the company predicts e-scooter sales will expand between 20–25% during FY26.
