Tag Auto Sector

Craftsman Automation Ltd
Craftsman Automation to Build ₹150 Crore Manufacturing Facility in Hosur- Stock Performance & Growth Potential

Business and Industry Overview: 

Craftsman Automation is a company that makes metal parts for cars, machines, and storage systems. It started in 1986 as a small company in Coimbatore, India, and has now grown into a big and successful business. The company makes car engine parts, gears, moulds, storage racks, special machines, and aluminum products. Quality is very important to Craftsman Automation. It makes sure every product is strong, safe, and long-lasting. A team of engineers and inventors works hard to design and build these products. They use big machines and modern technology to make things faster, better, and with fewer mistakes. Before any product is sent out, it is checked properly to make sure it meets high standards. Craftsman Automation supplies products to many industries, including the automobile, storage, and machine industries.  India is becoming a big hub for precision manufacturing, which means making small, accurate, and high-quality parts for different industries. This industry is growing fast because India has skilled workers, advanced machines, low costs, and strong government support. Many industries need these precise parts, including automobiles, aerospace, defence, electronics, healthcare, and consumer goods. The industry has two main parts – automotive (52%) and non-automotive (48%). The automotive sector is growing quickly because more people are buying cars. Big car companies need strong and reliable parts, which India supplies. Around 62% of auto parts are needed by car manufacturers (OEMs), and this demand is growing 14% per year until 2026. India also exports a lot of car parts, and this business is growing by 7-9% each year from 2024 to 2029.  

Craftsman Automation is a leading company that makes high-quality and accurate parts for cars, machines, storage systems, gears, and special-purpose machines. The company started in 1986 in Coimbatore as a small business. Today, it has grown into a big company with modern factories and advanced technology. It is a major supplier for big car companies (OEMs). The automotive industry is 52% of precision manufacturing, so the company benefits from the growing demand for vehicle parts. It also makes parts for aerospace, defence, electronics, and other industries, which helps it stay strong in the market. Craftsman Automation has advanced factories with CNC machines and automation. This helps in making strong, reliable, and high-quality products. The company also focuses on keeping costs low, so it can offer good prices while maintaining top quality. The government helps the industry grow with programs like Make in India and the Production Linked Incentive (PLI) scheme. The PLI scheme allows 100% foreign investment and is expected to bring ₹2.5-3 lakh crore in investments. This makes it easier for companies like Craftsman Automation to expand. Many global companies are now choosing India instead of China for manufacturing. This is called the China+1 strategy. It helps Craftsman Automation export more products and build strong international partnerships. The company also invests in new ideas and better products through research and development (R&D). This helps it stay ahead of competitors. With modern technology, skilled workers, and strong customer trust, Craftsman Automation is a trusted brand in India and abroad. With good quality, smart pricing, and growing global demand, Craftsman Automation is ready for a bright future in precision manufacturing. 

Latest Stock News: 

Craftsman Automation made less profit in the last quarter. Its profit went down by 12% to ₹70.5 crore. But its total sales increased by 12.7%, reaching ₹1,105 crore, up from ₹980 crore last year. Motilal Oswal still says it is a good stock to buy. They set a target price of ₹5,305 for the stock. But they also reduced their profit estimates for the next two years because of weaker demand for commercial vehicles and tractors. The company is a leader in making auto parts. It is also one of the top three in storage solutions and a strong competitor in aluminum die-casting. It has built its business step by step, without big takeovers. This is rare in the auto industry. The Indian government is helping companies like Craftsman Automation. Policies like Make in India and supply chain shifts away from China are helping it grow. The company designs and builds its machines, giving it a big advantage over competitors. Craftsman does not depend on just one industry. No single sector gives it more than 30% of its revenue. This helps balance its business and reduce risks. Even though profits fell recently, the company is growing well. Experts still see it as a strong company for the future. 

Potentials: 

Craftsman Automation wants to grow bigger and better. It is building a new factory in Hosur with an investment of ₹150 crore. This factory will make aluminium parts for cars and bikes. It will increase production by 15% and help the company meet the rising demand. The factory is in a great location, close to big automobile companies. This will make delivery faster and easier. Craftsman is paying for this project mostly with bank loans and some own money. The company’s current factories are already almost full, working at 75% capacity. So, this new plant will help produce more parts. With more cars and bikes being made in India, there is a high demand for quality parts. Craftsman also wants to increase exports and use better technology. It is investing in new machines to improve quality and make work faster. The company is ready for the future and wants to stay ahead in the market. 

Analyst Insights: 

  • Market capitalisation:₹ 11,433 Cr. 
  • Current Price: ₹ 4,780 
  • 52-Week High/Low:₹ 7,121 / 3,860 
  • Stock P/E: 58.3 
  • Dividend Yield: 0.23 % 
  • Return on Capital Employed (ROCE): 20.0 % 
  • Return on Equity: 20.0 % 

Craftsman Automation has grown well, with sales increasing by 20% per year over the last five years. Profits have also grown at 26% per year. The company earns good returns (ROE of 20%) and maintains steady profit margins (around 20% EBITDA margin). However, the stock is very expensive, trading at a P/E of 58.3, while similar companies trade at around 25. Promoters have reduced their stake by 11.1% in three years, which may be a concern. The company also has high debt (~₹1,958 Cr), and profit margins have fallen from 24% in FY22 to 16% now. The company’s long-term future looks good because India’s auto sector is growing. But the stock price is high, and some financial trends are weak. Current investors can hold or sell some shares. New investors should wait for a lower price. 

Samvardhana Motherson Ltd
Moody’s Warns: How Trump’s Tariffs Could Impact Motherson’s Growth and Stock Performance

Business and Industry Overview: 

Samvardhana Motherson International Limited (SMIL) is an Indian company that makes and sells car parts. It started in 1986 and is based in Noida, India. The company supplies parts to car manufacturers in India and many other countries. It makes different products like wiring, mirrors, plastic parts, and metal parts. It also works with technology and software for cars. 

Motherson is growing its business in other areas too. It has started making parts for airplanes. It also sells products in retail and services. The company has a habit of buying struggling businesses and making them better. It has bought many companies over the years and improved them. 

Motherson has 270 factories in 41 countries. Most of its income comes from selling to big car brands like Mercedes-Benz, Audi, and Volkswagen. These brands trust Motherson for quality products. The company wants to grow even bigger. By 2025, it plans to be four times its current size. To do this, it is expanding into new industries like aerospace and healthcare. 

The name “Motherson” comes from the founder and his mother. Later, the company joined with a Japanese firm called Sumitomo Wiring Systems. This partnership helped the company grow into a global business. 

The automobile parts industry is very important for making cars. It includes companies that make parts like wires, mirrors, and metal pieces that car manufacturers need to build vehicles. As more people buy cars and new technology is added, the need for these parts increases. 

In India, the car market is growing fast. More people are buying cars, especially motorcycles and two-wheelers. This has led to more demand for car parts, and India is now one of the biggest markets for car parts. Many companies in India are making car parts for both local and international car brands. 

Even though electric cars are becoming more popular, regular cars with engines still make up most of the market. India is also producing many electric vehicles, which need new parts like batteries and special wiring. The industry is very competitive because many companies want to offer better quality and lower prices. 

The industry faces some problems, like the rising cost of raw materials such as metals and plastics. Also, supply chain issues, such as delays in shipping or shortages of parts, can slow down production. Companies also have to keep up with new government rules about safety and pollution, which means they have to change their products. 

But there are also good opportunities in the industry. Electric vehicles are creating more demand for new parts like batteries. Automation and new technology are helping companies make things faster and cheaper. Also, many companies are using eco-friendly materials to meet new environmental standards. 

In India, the automobile parts industry is a big part of the economy. It creates jobs for millions of people and brings in a lot of money from exports. In 2023-24, India exported $21.2 billion worth of car parts. This number is expected to grow in the coming years. The industry continues to grow with strong demand for car parts both inside and outside of India. 

Latest Stock News: 

Samvardhana Motherson International Ltd is scheduled to hold an Investor Meeting on March 12, 2025, to discuss its financial performance, growth plans, and market trends. This meeting will provide valuable insights into the company’s future and business strategies. As a leading global manufacturer of automotive components, Samvardhana Motherson is committed to fostering transparency and strong relationships with stakeholders. The meeting will cover important topics like financial updates, market trends, and the company’s long-term growth outlook. Investors and analysts will also have the opportunity to interact with the management team and gain a deeper understanding of the company’s vision, operational strategies, and growth trajectory. 

However, the company’s stock has been facing some challenges. As of 13:19 IST on the NSE, Samvardhana Motherson’s stock is quoting at Rs 117.27, down 4.58% on the day. The stock has dropped for five consecutive sessions and has eased around 17.05% in the last month. Over the past year, the stock has fallen by 1.62%, compared to a 0.67% increase in the NIFTY index and a 0.98% rise in the Nifty Auto index. The Nifty Auto index, which includes Samvardhana Motherson, has also seen a decline of around 8.74% in the last month. 

In addition, the benchmark March futures contract for the stock is quoting at Rs 117.89, down 4.62% on the day. Despite these challenges, the stock’s PE ratio stands at 65.37, based on TTM earnings ending December 24. The volume of shares traded today stood at 208.61 lakh, compared to the daily average of 203.54 lakh shares over the last month. The NIFTY and Sensex indices are also down today, by 1.84% and 1.83%, respectively. 

Potentials: 

Samvardhana Motherson International Ltd is working on expanding its business and improving its products to meet the growing demand for advanced car parts. The company is focusing on making parts for electric cars, like batteries and wiring systems, which are important for future vehicles. 

The company is also looking to grow in other areas, like aerospace and healthcare, to reduce its dependence on the car industry. This helps the company build long-term value for its investors. Samvardhana Motherson is also committed to being more environmentally friendly by using eco-friendly materials and processes in its products. 

The company wants to keep strong relationships with its customers and continue to innovate. By investing in research and development, improving operations, and forming strong partnerships, Samvardhana Motherson plans to grow and stay ahead in the global market. 

Recently, Samvardhana Motherson raised Rs 6,438 crore by selling shares to big investors. This money will help the company take advantage of new growth opportunities. The company’s Chief Financial Officer, Kunal Malani, said this funding will help the company expand even more. Many investors showed interest in buying the shares, showing confidence in the company’s future. 

Analyst Insights: 

  • Market capitalisation: ₹ 85,041 Cr. 
  • Current Price: ₹ 121 
  • 52-Week High/Low: ₹ 217 / 110 
  • Stock P/E: 20.6 
  • Dividend Yield: 0.66 % 
  • Return on Capital Employed (ROCE): 13.7 % 
  • Return on Equity: 11.8 % 

Motherson Sumi Systems has been doing well, with strong growth in sales and profits over the past few years. The company is a big player in the auto parts industry, especially in making parts for cars. It has good cash flow, which shows it can pay its bills and invest in growth. However, there are a few concerns. The promoters own less of the company now, and the stock price is higher compared to the company’s book value, which could mean it’s overpriced. Also, the time it takes for the company to collect money from customers has increased, which is a sign of some financial stress. Because of these mixed signals, it’s better to hold onto the stock for now rather than buy or sell. 

Mahindra & Mahindra Ltd
Mahindra & Mahindra Stock Plunges 6%- Strong Drop in 7 Months, Down 17% in Two Weeks

Business and Industry Overview: 

Mahindra & Mahindra (M&M) is an Indian automobile company based in Mumbai, Maharashtra. It started in 1945 as “Mahindra & Mohammed” and later became “Mahindra & Mahindra.” It is part of the Mahindra Group and is one of India’s largest vehicle makers. Mahindra & Mahindra Ltd is one of the most diversified automobile companies in India with presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers. Mahindra Tractors is also the world’s biggest tractor manufacturer by volume. In 2018, Fortune India 500 ranked M&M as the 17th top company in India. Its main competitors are Maruti Suzuki and Tata Motors. The company’s CEO and MD is Dr. Anish Shah. M&M began as a steel trading business in Ludhiana, Punjab, founded by Kailash Chandra Mahindra, Jagdish Chandra Mahindra, and Malik Ghulam Muhammad. After the partition of India and Pakistan in 1947, Ghulam Muhammad moved to Pakistan, and the Mahindra brothers changed the company’s name. Mahindra also expanded into Turkey’s farm equipment market and invested in smart car tech and agro-tech firms. The company had a joint venture with Renault but ended it in 2010, though it still uses Renault’s engines. It also had a joint venture with Ford, but that ended in 2021. Mahindra makes different vehicles, including SUVs like Scorpio, Bolero, Thar, and XUV700, as well as electric cars, trucks, and tractors. It exports to many countries and has offices in the USA, Europe, South Africa, and Australia. Mahindra planned to sell diesel pickup trucks in North America in 2010 but faced legal problems. It is the largest tractor maker in the world. It sells tractors in over 40 countries, including the U.S., China, Africa, and Latin America. Mahindra & Mahindra started as a small steel business. Now, it is a global leader in cars, tractors, and machines. It also works in many other businesses like finance, auto parts, hotels, buildings, shops, transport, steel, IT, farming, aerospace, defense, energy, and consulting through its group companies. 

Latest Stock News: 

Mahindra & Mahindra Ltd’s stock fell by 6.08% to ₹2,667.55 at 2:47 PM on 21 February. It was the biggest loser in the BSE ‘A’ group. About 2.15 lakh shares were traded, which is much more than the usual 69,060 shares per day in the last month. 

The stock dropped 7% on Friday after the company’s board approved a ₹4,500 crore investment in its smaller companies through rights issues. The company shared this news through stock exchange filings on 20 February 2025. 

Mahindra & Mahindra (M&M) reported a 19.6% increase in its total profit, reaching ₹3,180.58 crore for the third quarter (Q3) of the financial year 2024-25 (FY25). Last year, during the same period, the profit was ₹2,658.40 crore. This growth was mainly due to strong demand for its SUVs and tractors. 

The company’s total revenue from all its businesses grew 17.7% from ₹35,218.32 crore last year to ₹41,464.98 crore this year. 

M&M’s total profit includes money earned from financial services, IT, hotels, and other businesses. 

On its own (without its smaller companies), M&M’s profit increased by 19% in Q3. It made a profit of ₹2,964 crore, compared to ₹2,490 crore in the same period last year. The company is India’s top SUV seller by revenue. 

Potentials: 

Mahindra & Mahindra has good chances to grow in the future. The company’s board has decided to invest  ₹4,500 crore in its smaller businesses. This will help them grow and make more profit.   

The company also shares 19.3% of its profits with investors as dividends. This makes it a good choice for people who want steady earnings from their investment. The stock price is 4.71 times higher than its actual value, which shows that investors trust the company. Company has been maintaining a healthy dividend payout of 19.3% 

However, the company’s owners hold only 18.5% of the shares , which is low. If they buy more shares, it will show their confidence and attract more investors. Overall, Mahindra & Mahindra has strong potential for growth in the coming years. 

Analyst Insights: 

Key Financial Metrics: 

Revenue: ₹41,464.98 crore (17.7% YoY growth) 

EBITDA: ₹179.3 billion 

Market Cap:₹ 3,31,941 Cr. 

PE Ratio:26.8 

Mahindra & Mahindra is growing steadily, driven by strong SUV and tractor sales. The company’s ₹4,500 crore investment in its subsidiaries can fuel future expansion. It also maintains a healthy 19.3% dividend payout, making it attractive for long-term investors. However, low promoter holding (18.5%) could be a risk factor. 

The stock has strong fundamentals, but recent price drops and volatility should be considered. Investors should hold for the next 3-6 months to see if it rebounds. New investors can wait for a better entry point. Investors should hold the stock and stay invested for 3-6 months. The stock has performed well in the auto sector. Last week, it got many bookings, especially for its electric vehicles.  

Maruti Suzuki Q3 FY25 Results
Maruti Suzuki Q3 FY25 Results: Revenue Up 15.67% YoY, Profit at ₹3,727 Crore, Strong Export Growth

Maruti Suzuki India Ltd: Overview 

Maruti Suzuki India Limited is India’s largest automobile manufacturer and a subsidiary of the Japanese automaker Suzuki Motor Corporation. Established in 1981, Maruti Suzuki has played a pivotal role in shaping India’s automotive landscape by offering fuel-efficient and affordable vehicles. The company operates in a highly competitive automobile industry, which has witnessed significant growth due to rising disposable income, increasing urbanization, and government initiatives promoting electric mobility. The Indian passenger vehicle market is one of the fastest-growing globally, with demand driven by economic growth and technological advancements. Maruti Suzuki maintains a dominant market share, leveraging its extensive sales and service network, cost-effective production, and strong brand reputation. The company has also focused on expanding its portfolio to include hybrid and electric vehicles in response to evolving environmental regulations and consumer preferences. 

Latest Stock News 

Maruti Suzuki’s margins were impacted by a mix of positive and negative factors. On the positive side, favourable operating leverage and lower commodity prices contributed to profitability. However, this was offset by higher sales promotion and advertisement expenses, adverse foreign exchange variations, and lower non-operating income. In Q3 FY25, domestic sales stood at 466,993 units, reflecting an 8.7% growth and accounting for 82.5% of total sales. Exports saw a significant rise of 38.2%, reaching 99,220 units and contributing 17.5% to overall sales. The consumer preference towards CNG vehicles continues to increase. In Quarter 3 of this fiscal year, every 1 in 3 cars sold by the company in the domestic market was a CNG vehicle 

Among the highest-selling segments, Mini + Compact cars recorded 210,082 units, declining 3.7% but still making up 45.0% of total sales. Utility Vehicles (UVs) witnessed strong growth of 20.2%, selling 185,298 units and accounting for 39.7% of sales. FRONX SUV has set a new record, reaching the 2-lakh sales mark in just 17.3 months Compact cars alone contributed 182,227 units, down 4.6%, representing 39.0% of total sales. For margin movement in Q3 FY25, favourable operating leverage and higher non-operating income played a positive role, whereas higher sales promotion expenses acted as a downside factor. 

Business Segments

  • Passenger Vehicles (PV): This is the company’s primary segment, contributing to the majority of its revenue. It includes hatchbacks, sedans, SUVs, and multi-purpose vehicles (MPVs). Popular models in this segment include Swift, Baleno, WagonR, Dzire, Brezza, and Ertiga. 
  • Light Commercial Vehicles (LCV): Maruti Suzuki ventured into this segment with the introduction of the Super Carry, targeting small businesses and commercial operators. 
  • Electric and Hybrid Vehicles: The company has been investing in hybrid and electric vehicle technologies, with models like the Grand Vitara featuring strong hybrid technology and plans to introduce full-electric models in the near future. 
  • Spare Parts and Accessories: This segment includes the sale of vehicle components, spare parts, and accessories, providing an additional revenue stream for the company. 
  • Exports: Maruti Suzuki exports vehicles to various international markets, including Africa, Latin America, and the Middle East, contributing to its global presence. 

Subsidiary Information: 

  • Suzuki Motor Gujarat Pvt Ltd (SMG): A wholly owned subsidiary of Suzuki Motor Corporation, this entity manufactures vehicles exclusively for Maruti Suzuki. 
  • Maruti Insurance Business Agency Limited: This subsidiary provides car insurance services, offering customers seamless insurance solutions during vehicle purchases. 
  • Maruti Suzuki N2N Fleet Management: This initiative provides end-to-end fleet management solutions, targeting corporate clients and businesses requiring bulk vehicle management. 
  • Maruti Suzuki Driving Schools (MSDS): A venture focused on driver education, these schools offer training programs to enhance road safety and driving skills in India. 
  • Maruti Suzuki True Value: A subsidiary dedicated to the sale and purchase of pre-owned Maruti Suzuki vehicles, providing a trusted platform for used car transactions. 

Q3 FY25 Earnings 

  • Revenue of ₹38764 crore in Q3 FY25 up by 15.67% YoY from ₹33513 crore in Q3 FY24.  
  • EBITDA of ₹5076 crore in this quarter at a margin of 13% compared to 13% in Q3 FY24. 
  • Profit of ₹3727 crore in this quarter compared to a ₹3207 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 33513 38764 118410 141858 
Expenses 29073 33688 105288 123232 
EBITDA 4440 5076 13122 18626 
OPM 13% 13% 11% 13% 
Other Income 1053 1125 1861 4248 
Net Profit 3207 3727 8264 13488 
NPM 9.6% 9.6% 6.9% 9.5% 
EPS 102 118.5 273.6 429 

Tata Motors Q3 Results
Tata Motors Q3 Results: Profit Declines 23% to ₹5,451 Crore and Highest EBIT Margin

Tata Motors Ltd: Overview 

Tata Motors Ltd. is one of India’s largest automobile manufacturers, engaged in the design, manufacturing, and sales of a diverse range of vehicles, including passenger cars, commercial vehicles, electric vehicles (EVs), and luxury vehicles. A subsidiary of Tata Group, the company operates in both domestic and international markets, with a strong presence in the UK, South Korea, Thailand, South Africa, and other global regions. The Indian automotive industry, in which Tata Motors plays a crucial role, is witnessing rapid transformation with increasing demand for electric vehicles (EVs), connected car technologies, and sustainable mobility solutions. With government initiatives such as FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles), the push towards EV adoption is accelerating. Tata Motors has positioned itself at the forefront of this transition, leveraging its advanced research & development capabilities and extensive manufacturing infrastructure. 

Latest Stock News 

In Q3 FY25, Tata Motors reported a revenue of ₹113.6K crore with an EBITDA margin of 13.7% and a profit before tax (PBT) before exceptional items of ₹7.7K crore. Despite challenging market conditions, the company remains on track for a strong full-year performance, with a year-to-date (YTD) PBT of ₹22.3K crore. Net auto debt stood at ₹19.2K crore, with the deleveraging plan progressing well, leading to a significant reduction in net auto finance costs. The TML Group received a sanction letter from the Ministry of Heavy Industries (MHI) on December 31, 2024, approving the entire FY24 claim of ₹142 crore, which has now been received. For FY25, the Group assessed its product eligibility under the scheme and accrued an income of ₹209 crore, with the required Techno-Commercial Audit (TCA) completed. 

In the luxury segment, Jaguar Land Rover (JLR) saw an improved sales mix, with Range Rover, Range Rover Sport, and Defender accounting for 70% of total wholesales. Market share improved across all segments except for Small Commercial Vehicles (SCVs), where efforts are underway to enhance competitiveness. The overall industry volume remained flat in Q3 FY25, marking a recovery from the 11% YoY decline seen in Q2. During the quarter, the Passenger Carrier segment grew by 11%, SCVPU by 3%, while ILMCV remained stable, and HCV declined by 9%. Electric mobility continued to gain traction, with over 200 EV buses registered in Q3 FY25, bringing the total number of EV buses registered to over 3,500. Tata Motors’ Fleet Edge platform now has over 760,000 active vehicles, with strong user engagement—81% monthly active users and 61% weekly active users—demonstrating its growing influence in fleet management and digital solutions. 

Business Segments

  • Passenger Vehicles (PV): This segment includes hatchbacks, sedans, SUVs, and electric vehicles under the Tata brand. Key models: Tata Safari, Harrier, Nexon, Tiago, and electric models like Nexon EV, Tigor EV, and Tiago EV. The company has seen strong demand for EVs, making it a market leader in the Indian EV space. 
  • Commercial Vehicles (CV): Tata Motors is a market leader in the commercial vehicle segment, including trucks, buses, and small commercial vehicles (SCVs). The company offers a range of products, from light-duty to heavy-duty trucks, along with electric and alternative fuel-based commercial vehicles. Recent launches include electric buses and CNG-powered trucks to support sustainability. 
  • Jaguar Land Rover (JLR): A wholly owned subsidiary, JLR is a premium automotive brand with iconic models like the Range Rover, Defender, and Jaguar F-PACE. JLR contributes significantly to Tata Motors’ revenue, with strong demand from Europe, the US, and China. The company is focusing on electrification, with upcoming EV models and hybrid variants. 

Subsidiary Information

  • Jaguar Land Rover (JLR): It is a prestigious UK-based luxury automobile manufacturer and a wholly owned subsidiary of Tata Motors. It plays a crucial role in the company’s global presence, significantly contributing to its overall revenue. With a strong brand reputation, advanced engineering, and a diverse portfolio of premium vehicles, JLR remains one of Tata Motors’ most valuable assets. 
  • Tata Passenger Electric Mobility Ltd: It is a dedicated subsidiary focused on the research, development, and manufacturing of electric vehicles. As the Indian EV market continues to expand, this subsidiary has positioned Tata Motors as a leader in the country’s electric mobility space. Through innovation and a growing portfolio of electric vehicles, it plays a vital role in the company’s sustainability and future growth strategy. 
  • Tata Technologies Ltd: It is a prominent provider of engineering and design services, specializing in automotive product development, digital transformation, and manufacturing solutions. It supports Tata Motors and other global clients in optimizing vehicle design, enhancing efficiency, and integrating cutting-edge technologies into the automotive sector. 
  • TML Holdings Pte Ltd: Headquarter is in Singapore, serves as the international investment arm of Tata Motors. It oversees and manages the company’s overseas subsidiaries and investments, including operations in Thailand, South Korea, and other global markets. This entity plays a critical role in Tata Motors’ international expansion and strategic growth initiatives. 
  • Tata Marcopolo Motors Ltd: It is a joint venture between Tata Motors and the Brazilian bus manufacturer Marcopolo S.A. The company specializes in producing high-quality buses, catering primarily to mass public transportation needs. By leveraging Tata Motors’ automotive expertise and Marcopolo’s bus manufacturing know-how, the venture has become a key player in the commercial vehicle sector, supplying buses to both domestic and international markets.  

Q3 FY25 Earnings 

  • Revenue of ₹113575 crore in Q3 FY25 down by 3.012.71% YoY from ₹110577 crore in Q3 FY24.  
  • EBITDA of ₹13043 crore in this quarter at a margin of 11% compared to 14% in Q3 FY24. 
  • Profit of ₹5578 crore in this quarter compared to a ₹7145 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 110577 113575 345967 437928 
Expenses 95159 100532 314151 378389 
EBITDA 15418 13043 31816 59538 
OPM 14% 11% 9% 14% 
Other Income 1604 1764 6664 5673 
Net Profit 7145 5578 2690 31807 
NPM 6.5% 4.9% 0.8% 7.3% 
EPS 21.1 14.8 7.3 94.5 
Bajaj Auto Q3 Results
Bajaj Auto Q3 Results: Net Profit Rises 3% to ₹2,109 Cr and Revenue Up 6%

Bajaj Auto Ltd: Overview 

Bajaj Auto Ltd is one of India’s leading manufacturers of motorcycles, three-wheelers, and quadricycle, with a significant global presence. Established in 1945 and headquartered in Pune, Maharashtra, Bajaj Auto has evolved into a global powerhouse in the automotive sector, recognized for its innovation, quality, and design. The company is part of the larger Bajaj Group. Bajaj Auto has state-of-the-art manufacturing facilities located in India, including in Pune, Aurangabad, and Waluj. The company focuses on maintaining high-quality standards across its operations, supported by robust research and development (R&D). Bajaj’s R&D facilities are dedicated to innovation, focusing on improving fuel efficiency, design, and technological advancements, especially in the motorcycle and electric vehicle segments. Bajaj Auto continues to innovate with products like the Pulsar series, Avenger, and the Qute quadricycle. These products have strong brand recognition and customer loyalty. The Indian automotive industry is one of the largest in the world, with motorcycles and three-wheelers accounting for a significant share of the market. The two-wheeler segment, in particular, has been experiencing steady growth, fueled by rising disposable incomes, increasing urbanization, and a growing middle class. Bajaj Auto, with its strong product portfolio and expansive distribution network, continues to capture a significant portion of the domestic market and benefit from the overall industry growth. The shift towards electric vehicles (EVs) is one of the key trends in the automotive industry, driven by government initiatives to promote cleaner vehicles and growing consumer demand for eco-friendly transportation options. Bajaj Auto’s early foray into the EV segment with the Chetak electric scooter places it ahead of many competitors in this transition. 

Latest Stock News 

Export of KTM brand contributed only 2% in total exports. Exports to be grow at 20% YoY in short term future. 125cc segment is growing at the twice pace than 100cc segment. Because of tactical price competition in 100cc segment, loss of market share is seen. Between December to march, company is launching 9 new variants in 125cc+ segment, it will allow more choice and better pricing to customers. Company sold 50,000 bikes of Freedom, since the launch. In commercial vehicle segment, three wheelers clocked the highest retail sales of about 125000 units in Q3, of which 17000 units were EVs. E-Auto brand is now working under the brand of Bajaj Gogo. Chetak market share has performed very well that its market share from 13% in Q3 FY24 is now increased to 22% in Q3 FY25.  Bajaj Auto Credit Limited has rolled out in pan India ahead of its schedule, it is serving the both two and three wheelers segment of Bajaj Auto, and it posted a profit in Q3. The rename of Bajaj Auto Technology Limited erstwhile Chetak Technology Limited, is to focus now fully on technology segment, to fully adapt the new cutting edge technology. The EV two and three has achieved a combined breakeven in EBITDA in this quarter. The new Chetak 35 series platform will increase more demand in coming years. 

Business Segments

  • Motorcycles: Bajaj Auto is renowned for its motorcycles, which span across various segments, from entry-level to premium motorcycles. The company’s motorcycle portfolio includes models across the commuter, sports, and cruiser segments. Bajaj is particularly famous for brands like Pulsar, Avenger, Dominar, and Platina. The Pulsar brand, in particular, has established itself as one of India’s top-selling motorcycles, with a strong following in both domestic and international markets. 
  • Three-Wheelers: Bajaj Auto is also a key player in the three-wheeler segment, manufacturing auto rickshaws and commercial vehicles. The company has a robust lineup of three-wheelers under brands like RE, Qute, and Maxima. These vehicles are used for passenger transport and goods transportation, playing an essential role in the urban and rural mobility ecosystem, particularly in India and other emerging markets. 
  • Electric Vehicles (EVs): As part of its forward-looking strategy, Bajaj Auto has been making investments in the electric vehicle (EV) space. The company has launched the Chetak Electric Scooter, which marks its foray into the electric mobility sector. The Chetak has received a positive response due to its design, performance, and Bajaj’s strong brand presence in the Indian market. Bajaj Auto plans to continue investing in electric mobility to capitalize on India’s growing demand for environmentally-friendly and sustainable transportation solutions. 
  • Global Operations and Exports: Bajaj Auto has a significant presence in international markets, particularly in Southeast Asia, Africa, Latin America, and Europe. The company’s motorcycles and three-wheelers are exported to over 70 countries, making Bajaj one of the largest two-wheeler exporters globally. It has a strong distribution network, a manufacturing presence in several countries, and strategic partnerships with local entities to support growth in international markets. 

Subsidiary Information

  • Bajaj Auto International Holdings BV Ltd: BAIH is responsible for managing Bajaj Auto’s international investments. It oversees the company’s operations in various global markets and is primarily involved in the export business. It plays a key role in expanding Bajaj Auto’s international presence, including overseeing joint ventures, partnerships, and collaborations outside India. 
  • Bajaj Motorcycle Ltd (Thailand): This subsidiary helps Bajaj Auto expand its presence in Southeast Asia, particularly Thailand, where Bajaj Auto manufactures and sells motorcycles. Thailand serves as an important base for Bajaj Auto in the region due to its strategic location and high demand for motorcycles. 
  • Bajaj Auto Ltd (Indonesia): Bajaj Auto Indonesia is instrumental in distributing and selling Bajaj motorcycles in Indonesia, a key market for two-wheelers in Southeast Asia. The subsidiary is involved in both local manufacturing and assembly, along with distribution of motorcycles. 
  • Bajaj Auto Ltd (Africa): This subsidiary is critical for Bajaj Auto’s strategy to tap into the growing demand for affordable mobility solutions in Africa. Bajaj Auto has become one of the largest exporters of two-wheelers to the continent, with a presence in several countries. 
  • Bajaj Auto Ltd (USA): The U.S. subsidiary of Bajaj Auto focuses on expanding the company’s footprint in North America. It plays an essential role in promoting Bajaj Auto’s premium product range, including models like the Bajaj Dominar and Pulsar, to the North American market. 

Q3 FY25 Earnings 

  • Revenue of ₹13169 crore in Q3 FY25 up by 8.3% YoY from ₹12165 crore in Q3 FY24.  
  • EBITDA of ₹2751 crore in this quarter at a margin of 21% compared to 20% in Q3 FY24. 
  • Profit of ₹2196 crore in this quarter compared to a ₹2033 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 12165 13169 36455 44870 
Expenses 9750 10418 29991 36106 
EBITDA 2415 2751 6465 8765 
OPM 20% 21% 18% 20% 
Other Income 356 348 1703 1700 
Net Profit 2033 2196 6060 7708 
NPM 16.7% 16.7% 16.6% 17.2% 
EPS 71.8 78.6 214.2 276.1