Bajaj Auto and TVS Motor reported robust international sales in the June quarter, signaling a strong recovery for India's two-wheeler export market. Total motorcycle and scooter exports surged by nearly 37% year-on-year, driven by increasing demand in Africa, Latin America, and Asia, complementing a resilient domestic market.
Bajaj Auto's Rs 5,633 crore share buyback began on Wednesday, aiming to repurchase 46.94 lakh shares at Rs 12,000 each. The offer, open until July 7, targets up to 1.68% of paid-up share capital, with June 24 set as the record date for eligible shareholders.
Bajaj Auto confirmed a ransomware attack on Tuesday, June 23, affecting its systems and those of its subsidiary, Bajaj Auto Technology. The company has implemented precautionary measures and informed CERT-In, stating that initial responses have been successful in mitigating the impact.
Bajaj Auto has announced its board will meet on May 6, 2026, to consider a share buyback proposal. This move follows a trend of capital returns by large-cap firms like Wipro and Aurobindo Pharma to utilize surplus cash.
