Executive Summary
The 16 filings from S&P BSE AUTO constituents reveal a sector in transition, with strong underlying demand and record performances offset by regulatory headwinds and strategic capital allocation shifts. TVS Motor's annual report stands out with 30.4% YoY revenue growth and 37% EBITDA growth, though its EV penetration remains low at 6.6% of sales.
Balkrishna Industries' completion of a major Carbon Black capacity expansion (36% increase) signals aggressive growth investment funded entirely through internal accruals. Bajaj Auto's ₹5,633 crore buyback (1.68% of equity at ₹12,000/share) represents a significant capital return event, while Tata Motors' AGM confirmed smooth demerger execution and IVECO acquisition timeline. Maruti Suzuki faces a ₹6.9 crore GST penalty, a minor but notable regulatory risk. Period-over-period trends show margin expansion at TVS (+60 bps YoY) and strong volume growth, but the sector's capital allocation is bifurcated between growth capex (BKT) and shareholder returns (Bajaj Auto). Insider activity is limited to routine ESOP transfers at M&M, with no significant management buying or selling signals. The overall sentiment is cautiously positive, with growth momentum intact but regulatory and transition risks emerging.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: M&A · Corporate action · Company update · Corporate governance
Tracking the trend? Catch up on the prior BSE Auto Sector Regulatory Filings digest from June 21, 2026.
Investment Signals (10)
- Bajaj Auto ↓ (BULLISH)▲
Announced ₹5,633 crore buyback (1.68% equity) at ₹12,000/share, representing 16.93% of standalone net worth—a massive capital return signaling strong cash generation and management confidence in undervaluation. Tender opens July 1, closes July 7.
- TVS Motor ↓ (BULLISH)▲
FY26 revenue surged 30.4% YoY to ₹47,270 Cr, EBITDA grew 37% to ₹6,079 Cr with 60 bps margin expansion to 12.9%, and PBT rose 40.4%—outpacing most peers. Rose from 5th to top-3 global two-wheeler manufacturer.
- Balkrishna Industries ↓ (BULLISH)▲
Completed Carbon Black capacity expansion from 2,65,000 to 3,60,000 MTPA (+36%) with ₹800 Cr investment funded internally, plus power plant expansion to 64 MW. Pre-expansion utilization was 91%, indicating strong demand absorption.
- Tata Motors ↓ (BULLISH)▲
AGM confirmed successful demerger and IVECO acquisition timeline with 99.99% shareholder approval on all resolutions, including material related party transaction with Tata Cummins. Clean audit reports signal governance strength.
- TVS Motor ↓ (NEUTRAL)▲
Dividend declared at ₹12/share (20% payout) despite record profits—low payout suggests reinvestment for growth, which could limit near-term yield but supports long-term compounding.
- Mahindra & Mahindra ↓ (NEUTRAL)▲
Transferred 63,397 ESOP shares to 63 employees including senior management (Vivek Sharma got 9,665, Rajesh Jejurikar 4,509)—routine but shows ongoing retention of key talent.
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Buyback entitlement ratio heavily favors small shareholders (17:61 vs 17:525 for general), potentially creating arbitrage opportunity for retail investors holding through record date. [BULLISH for retail]
- TVS Motor ↓ (MIXED)▲
EV sales of 3.87 lakh units represent only 6.6% of total volume despite being a key growth narrative—significant room for EV penetration growth but also risk if transition accelerates faster than ICE profitability.
- Tube Investments of India ↓ (NEUTRAL)▲
Appointed Price Waterhouse as statutory auditor for 5-year term replacing S R Batliboi—auditor change at a Murugappa group company warrants monitoring for any accounting policy shifts.
- Maruti Suzuki ↓ (BEARISH)▲
Received ₹6.9 crore GST demand (₹3.45 Cr tax + ₹3.45 Cr penalty) for FY21-23 period—minor relative to ₹1.1 lakh Cr+ revenue, but plans to appeal, indicating potential for prolonged regulatory overhang.
Risk Flags (8)
- TVS Motor/EV Transition Risk↓ [MEDIUM RISK]▼
EV sales at only 6.6% of total volume (3.87L units) despite being a key growth driver—if EV adoption accelerates faster than planned, legacy ICE investments could become stranded, and margin profile may compress.
- Maruti Suzuki/GST Penalty↓ [LOW RISK]▼
Adjudication order for ₹6.9 crore (tax + penalty) for FY21-23 GST credit availment—while small, the company's decision to appeal suggests potential for larger systemic issue or prolonged litigation.
- Samvardhana Motherson/Acquisition Delay↓ [MEDIUM RISK]▼
28.15% stake acquisition in HR Dhauliganga delayed from Q1 FY27 to Q4 FY27 due to conditions precedent—repeated delays (4 updates since June 2025) raise execution risk and capital lock-up concerns.
- TVS Motor/Three-Wheeler Decline↓ [LOW RISK]▼
Three-wheeler sales volume declined 7% to 2.19L units despite 63% value growth to 3.71L units—volume decline in a key segment suggests pricing power but potential market share loss.
- Bajaj Auto/Buyback Concentration↓ [LOW RISK]▼
Buyback at ₹12,000/share represents 16.93% of net worth—aggressive capital return could limit flexibility for strategic M&A or capex if growth opportunities arise.
- Tube Investments/Management Churn↓ [LOW RISK]▼
Mr. R B Selvakumar ceased as Senior Management Personnel due to transition to business role—while not a departure, it signals organizational restructuring that may create short-term execution uncertainty.
- Tata Motors/Low Retail Participation↓ [LOW RISK]▼
Public non-institutional voter turnout at only ~9.5% in AGM despite 74.9% overall turnout—indicates retail apathy or lack of engagement, which could impact future rights issues or corporate actions.
- Balkrishna Industries/Capex Risk↓ [LOW RISK]▼
₹925 Cr total investment (Carbon Black + Power Plant) funded through internal accruals—while prudent, it reduces cash buffer and could strain liquidity if demand weakens post-expansion.
Opportunities (8)
- Bajaj Auto/Buyback Arbitrage↓ (OPPORTUNITY)◆
Buyback at ₹12,000/share opens July 1-7, with small shareholder entitlement of 17:61 (27.9% acceptance) vs general 17:525 (3.2%). Retail investors buying before record date (June 24) could capture significant arbitrage if stock trades below buyback price.
- Balkrishna Industries/Capacity-Led Growth↓ (OPPORTUNITY)◆
Carbon Black capacity expanded 36% to 3,60,000 MTPA with pre-expansion utilization at 91%—strong demand visibility suggests rapid capacity absorption, driving revenue and margin expansion. Funded internally, no debt dilution.
- TVS Motor/Global Market Share Gain↓ (OPPORTUNITY)◆
Rose from 5th to top-3 global two-wheeler manufacturer in 5 years, with 30.4% revenue growth—continued market share gains in international markets (especially Africa, LatAm) could drive further re-rating.
- Tata Motors/IVECO Acquisition Catalyst↓ (OPPORTUNITY)◆
AGM confirmed expected timeline for IVECO Group acquisition completion—European commercial vehicle exposure could diversify revenue and provide cross-selling opportunities, with synergies expected to materialize over 12-18 months.
- TVS Motor/Product Award Momentum↓ (OPPORTUNITY)◆
TVS Apache RTX won IMOTY 2026 (Indian Motorcycle of the Year)—product recognition drives brand equity and could boost premium motorcycle sales, improving product mix and margins.
- Bajaj Auto/High Dividend Yield Play↓ (OPPORTUNITY)◆
With buyback consuming 16.93% of net worth, remaining cash generation capacity suggests potential for special dividend or further buybacks—current yield plus buyback premium creates total return opportunity.
- Mahindra & Mahindra/ESOP Retention Signal↓ (OPPORTUNITY)◆
Senior management (Vivek Sharma, Rajesh Jejurikar) exercised significant ESOPs—indicates confidence in future stock performance and alignment with shareholder interests.
- Tube Investments/Auditor Change Catalyst↓ (OPPORTUNITY)◆
Appointment of Big 4 auditor (Price Waterhouse) could improve corporate governance perception and potentially lead to re-rating if accompanied by better disclosures or financial reporting quality.
Sector Themes (6)
- Capital Return vs. Growth Investment (THEME)◆
Bajaj Auto's ₹5,633 Cr buyback contrasts with Balkrishna's ₹925 Cr capex—sector is bifurcated between mature players returning cash and growth companies reinvesting. Investors should align with management capital allocation philosophy.
- EV Transition Underway but Early (THEME)◆
TVS Motor's EV sales at 6.6% of volume (3.87L units) highlights the sector's early stage of electrification—traditional ICE profitability still dominates, but EV mix will be critical for future margins and valuations.
- Record Revenue but Margin Divergence (THEME)◆
TVS Motor reported 30.4% revenue growth with 60 bps margin expansion, while others face input cost pressures—ability to pass through costs and improve mix is becoming a key differentiator in the sector.
- Governance and Regulatory Scrutiny Intensifying (THEME)◆
Maruti Suzuki's GST penalty and Tube Investments' auditor change highlight increasing regulatory and governance focus—companies with clean audit records (Tata Motors) may command premium valuations.
- Capacity Expansion Cycle Accelerating (THEME)◆
Balkrishna's 36% capacity addition and TVS's record production (5.89M units) suggest the sector is in an upcycle—companies with timely capacity additions and strong demand visibility will outperform.
- Shareholder Engagement Through AGMs (THEME)◆
Tata Motors and TVS Motor AGMs saw high institutional participation (74.9% and near-unanimous votes) but low retail turnout—companies are increasingly using virtual AGMs to engage, but retail participation remains a gap.
Watch List (8)
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Buyback closes July 7, 2026—watch for acceptance ratio and post-buyback price action. If acceptance is high, stock may rally; if low, it signals lack of confidence in ₹12,000 valuation. [July 7, 2026]
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Transaction delayed to Q4 FY27—monitor for further delays or deal renegotiation. Any termination would be negative for renewable energy diversification strategy. [Q4 FY27]
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AGM confirmed expected timeline—watch for regulatory approvals and deal closure announcements. Successful completion could be a major catalyst for the stock. [Next 12 months]
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Company plans to appeal GST penalty—monitor appellate authority decision. Adverse ruling could set precedent for other auto companies with similar GST credit claims. [Ongoing]
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With EV at only 6.6% of sales, monitor monthly EV sales data—any acceleration in EV mix could pressure margins but boost valuation multiples. [Monthly]
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Post-expansion utilization trends critical—if utilization stays above 85%, it validates the capex thesis and could lead to further capacity announcements. [Quarterly]
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Price Waterhouse takes over from 18th AGM—watch for any changes in accounting policies, revenue recognition, or financial disclosures in the next quarterly report. [Next quarterly filing]
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63,397 shares transferred—monitor for any insider selling post-exercise, especially by senior management (Vivek Sharma, Rajesh Jejurikar). [Next 30 days]
Filing Analyses
(16)
29-06-2026
Tata Motors Limited (formerly TML Commercial Vehicles Limited) held its 2nd Annual General Meeting on June 29, 2026, where all seven resolutions—including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026, declaration of dividend, re-appointment of Girish Wagh as director, appointment of branch auditors, ratification of cost auditor’s remuneration, and a material related party transaction with Tata Cummins Private Limited—were passed with requisite majority. The Chairman highlighted the successful demerger, robust CV business performance, resilience in FY26 results, progress in emerging verticals, and the expected timeline for completion of the IVECO Group acquisition. All resolutions received near-unanimous support with over 99.99% votes in favour across all categories, though overall voter turnout was 74.9% of outstanding shares.
- · The AGM was conducted entirely through Video Conferencing / Other Audio-Visual Means, with no physical attendance or proxy appointments (except for authorized representatives of corporate shareholders).
- · The Statutory Auditor’s Report and Secretarial Auditor’s Report contained no qualifications, reservations, adverse remarks, or disclaimers.
- · All seven resolutions were passed with the requisite majority; no resolution faced any significant opposition (the highest 'against' votes were only 6,172 out of over 2.76 billion votes polled).
- · The company facilitated live webcast of the AGM proceedings and made the video recording available on its website.
- · The Chairman acknowledged the contribution of Union Leaders in maintaining industrial harmony.
29-06-2026
TVS Motor Company Limited has issued the notice for its 34th Annual General Meeting to be held on 22nd July 2026 via video conference, with remote e-voting from 19th to 21st July 2026. The ordinary business includes adoption of audited financial statements for FY2026 and re-appointment of Mr. Sudarshan Venu as director by rotation. The special business seeks ratification of ₹800,000 remuneration for cost auditors M/s C S Adawadkar & Co for FY2027.
- · AGM will be conducted solely through VC/OAVM; physical attendance is not permitted.
- · Cut-off date for entitlement to vote is Thursday, 16th July 2026.
- · Proxy appointment is not allowed for this AGM; body corporates may send authorised representatives.
- · The company will provide a one-way live webcast of the AGM proceedings.
- · Unclaimed dividend older than seven years will be transferred to the IEPF.
- · Special window for transfer/demat of physical securities sold/purchased before April 1, 2019, is open from February 5, 2026 to February 4, 2027.
- · Remote e-voting period: 19th July 2026 (9:00 AM IST) to 21st July 2026 (5:00 PM IST).
- · No financial performance data or period-over-period comparisons are included in this filing.
29-06-2026
Samvardhana Motherson International Limited (SAMIL) announced that the expected closing of its acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL), a special purpose vehicle of Hinduja Renewables Energy Private Limited, has been delayed. The transaction, previously expected to close by Q1 FY27, is now likely to be completed during Q4 FY27 due to ongoing completion of conditions precedent.
- · The transaction was originally disclosed on June 19, 2025, with subsequent updates on September 26, 2025, December 25, 2025, and March 26, 2026.
- · The acquisition is for captive power generation and consumption under Electricity Laws.
- · The delay is attributed to ongoing completion of conditions precedent.
29-06-2026
MRF Limited has announced its 65th Annual General Meeting (AGM) to be held on August 6, 2026 via video conferencing. The company has fixed July 17, 2026 as the record date for determining shareholders eligible for the final dividend, if declared at the AGM. The dividend payment is scheduled on or after August 17, 2026.
- · 65th Annual General Meeting scheduled for August 6, 2026
- · Record date for final dividend: July 17, 2026
- · Dividend payment date: on or after August 17, 2026
- · Meeting to be held via Video Conferencing/Other Audio Visual Means
29-06-2026
MRF Limited has announced its 65th Annual General Meeting (AGM) to be held on August 6, 2026 via video conferencing. The company has fixed July 17, 2026 as the record date for payment of final dividend, if declared at the AGM. The dividend payment will be made on or after August 17, 2026.
- · 65th Annual General Meeting scheduled for August 6, 2026 via Video Conferencing/Other Audio Visual Means.
- · Record date for final dividend payment is July 17, 2026.
- · Dividend payment date is on or after August 17, 2026.
29-06-2026
Mahindra & Mahindra Ltd. transferred a total of 63,397 equity shares from its Employees’ Stock Option Trust to 63 stock option grantees on 29 June 2026, pursuant to the exercise of stock options under the Company’s Employees’ Stock Option Scheme. This is a routine administrative transfer with no financial impact on the company’s revenue or profitability.
- · The trust transferred shares to 63 employees, with the highest individual allocation being 9,665 shares to Vivek Sharma.
- · Other major recipients include Amit Kumar Sinha (6,000 shares) and Rajesh Jejurikar (4,509 shares).
- · No new stock options were granted; this was purely an exercise and transfer of existing options.
29-06-2026
Balkrishna Industries Limited (BKT) announced the successful completion of its Carbon Black expansion project, increasing total capacity from 2,65,000 MTPA to 3,60,000 MTPA with an investment of Rs. 800 Crore funded through internal accruals. Simultaneously, the company also detailed its Power Plant expansion from 40 MW to 64 MW with an investment of Rs. 125 Crore, also funded internally. Both projects are part of BKT's growth plan for 2030.
- · Carbon Black expansion investment of Rs. 800 Crore was for the entire ramp-up from 2,00,000 MTPA to 3,60,000 MTPA, not just the latest 95,000 MTPA addition.
- · Power Plant expansion of 24 MW (from 40 MW to 64 MW) was announced earlier on 24th February 2026 and has now been completed.
- · Existing capacity utilization before expansion: Carbon Black 91%, Power Plant 80%.
- · Both expansions are funded entirely through internal accruals, indicating no external debt or equity raise for these projects.
29-06-2026
Mahindra & Mahindra Ltd. participated in a virtual fireside chat hosted by Nomura on June 29, 2026, in Mumbai, engaging with funds and investors. The company confirmed that no unpublished price-sensitive information was shared during the event, and the presentation used was the same as the one submitted to stock exchanges on May 5, 2026.
- · The fireside chat was conducted virtually on June 29, 2026, and concluded at 3:00 p.m. IST.
- · The presentation used is available on the company's website under the link: M&M Q4F26 Analyst Meet – Presentations deck – 5th May 2026.
- · The company explicitly stated that no unpublished price-sensitive information was shared during the event.
29-06-2026
Maruti Suzuki India Limited received an Adjudication Order from the West Bengal GST Authority confirming a tax demand of ₹34.45 million and a penalty of ₹34.45 million, plus applicable interest, for the period April 2020 to March 2023 regarding availment of GST credit. The company states there is no major impact on its financial, operational, or other activities and plans to appeal the order.
- · The Adjudication Orders cover the period April 2020 to March 2023.
- · The company will file an appeal to the first appellate authority.
- · A small portion of the tax demand (₹0.05 million) was dropped by the authority.
29-06-2026
Tata Motors Limited held its 2nd Annual General Meeting on June 29, 2026, where all seven resolutions—including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026, declaration of dividend, re-appointment of director Girish Wagh, appointment of branch auditors, ratification of cost auditor’s remuneration, and a material related party transaction with Tata Cummins Private Limited—were passed with requisite majority. The Chairman highlighted the successful demerger, robust commercial vehicle performance, progress in emerging business verticals, and the expected timeline for completion of the IVECO Group acquisition. All resolutions received near-unanimous support with over 99.99% votes in favour across all categories, though public non-institutional voter turnout was low at around 9.5%.
- · The AGM was conducted entirely through Video Conferencing / Other Audio-Visual Means with no physical attendance.
- · Statutory and Secretarial Auditors' reports contained no qualifications, reservations, adverse remarks, or disclaimers.
- · The Company facilitated live webcast of the AGM proceedings on NSDL's website.
- · All resolutions were passed with the requisite majority; no resolution faced any significant opposition.
- · The meeting started at 10:30 a.m. IST and concluded at 1:35 p.m. IST.
29-06-2026
Bajaj Auto Limited announced a buyback of up to 46,94,000 equity shares (1.68% of paid-up capital) at ₹12,000 per share, for an aggregate amount of up to ₹5,632,80,00,000 (₹5,632.80 Cr) excluding transaction costs. The buyback opens on July 1, 2026 and closes on July 7, 2026, with a record date of June 24, 2026. The buyback size represents 16.93% of standalone and 15.59% of consolidated paid-up capital and free reserves as of March 31, 2026, within the statutory limit of 25%.
- · Record date for determining eligible shareholders: June 24, 2026
- · Buyback opens: July 1, 2026; closes: July 7, 2026
- · Last date for receipt of completed tender forms: July 7, 2026 (by 5:00 PM IST)
- · Last date for extinguishment of bought-back shares: July 23, 2026
- · Reserved category for small shareholders: 17 equity shares for every 61 held (entitlement ratio ~27.89%)
- · General category: 17 equity shares for every 525 held (entitlement ratio ~3.24%)
- · Buyback is being undertaken via tender offer route on a proportionate basis
- · Manager to the Buyback: Kotak Mahindra Capital Company Limited
- · Registrar to the Buyback: KFin Technologies Limited
- · Shareholders' approval obtained via postal ballot on June 18, 2026
29-06-2026
Tube Investments of India Limited's Board approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a five-year term from the 18th AGM (2026) to the 23rd AGM (2031), replacing the retiring auditors M/s. S R Batliboi & Associates LLP. Additionally, Mr. S Venkataraman was appointed as Chief People Officer and Senior Management Personnel, while Mr. R B Selvakumar ceased to be Senior Management Personnel due to a transition to a business role. No financial figures or period-over-period comparisons were disclosed in this governance filing.
- · Current statutory auditors M/s. S R Batliboi & Associates LLP will complete their second term at the conclusion of the 18th Annual General Meeting.
- · Price Waterhouse Chartered Accountants LLP was established in 1991 and converted into a limited liability partnership in 2014.
- · Mr. S Venkataraman has about two and a half decades of experience in HR, industrial relations, administration, CSR, land acquisition, and public relations across steel, automotive, mining, power, and global operations.
- · The Board meeting lasted 15 minutes, from 12:55 PM to 1:10 PM.
29-06-2026
Tube Investments of India Limited announced the outcome of its Board meeting held on June 29, 2026. The Board recommended the appointment of M/s. Price Waterhouse Chartered Accountants LLP as Statutory Auditors for five years, replacing the current auditors M/s. S R Batliboi & Associates LLP. Additionally, Mr. S Venkataraman was appointed as Chief People Officer and Senior Management Personnel, while Mr. R B Selvakumar ceased to be Senior Management Personnel due to his transition to a business role.
- · The Board meeting commenced at 12:55 PM and concluded at 1:10 PM on June 29, 2026.
- · The current statutory auditors M/s. S R Batliboi & Associates LLP will complete their second term at the conclusion of the ensuing 18th Annual General Meeting.
- · Mr. S Venkataraman has about two and a half decades of experience in HR, industrial relations, administration, CSR, land acquisition, and public relations across steel, automotive, mining, power, and global operations.
29-06-2026
Tube Investments of India Limited's Board approved the appointment of Price Waterhouse Chartered Accountants LLP as statutory auditors for five years from the 18th AGM (2026) to the 23rd AGM (2031), replacing S R Batliboi & Associates LLP. The Board also appointed Mr. S Venkataraman as Chief People Officer (Senior Management Personnel), effective June 29, 2026, while Mr. R B Selvakumar ceases to be Senior Management due to a transition to a business role. No financial figures were disclosed.
- · Current statutory auditors M/s. S R Batliboi & Associates LLP will complete their second term at the conclusion of the ensuing 18th Annual General Meeting.
- · Price Waterhouse Chartered Accountants LLP was established in 1991 and converted into a limited liability partnership in 2014.
- · Mr. S Venkataraman has about two and a half decades of experience in HR, industrial relations, administration, CSR, land acquisition, and public relations across steel, automotive, mining, power, and global operations.
29-06-2026
TVS Motor Company released its Annual Report for FY 2025-26, reporting highest-ever annual sales of 5.89 million units and revenue of ₹47,270 Cr, up 30.4% YoY. EBITDA grew 37% to ₹6,079 Cr with margin expansion of 60 bps to 12.9%, while Profit Before Tax rose 40.4% to ₹4,945 Cr. However, the report also notes a 7% decline in three-wheeler sales volume to 2.19 Lakh units (though value grew 63% to 3.71 Lakh units), and EV sales of 3.87 Lakh units represent only 6.6% of total volume, indicating room for growth in the electric segment.
- · TVS Motor Company rose from fifth-largest two-wheeler manufacturer globally in FY 2020-21 to top three in FY 2025-26.
- · Dividend declared at ₹12 per share, 20% payout.
- · TVS Apache RTX won IMOTY 2026 (Indian Motorcycle of the Year).
- · TVS Nalagarh received CII GreenCo Gold Rating, TVS Hosur achieved GreenCo Platinum Rating.
- · TVSM’s FY 2024-25 Annual Report was recognised as Best Annual Report at Asia Business Responsibility Summit 2025.
- · CDP Climate Change rating: A- (Leadership).
- · S&P Global ESG ranking: Top 7 globally in automotive sector with score 65/100.
- · TVS received Golden Peacock Award for Sustainability from Institute of Directors.
- · TVS Jupiter 125, TVS iQube, TVS Apache RTR 160 4V & TVS Apache RR310, TVS Apache RTR 310 received GreenPro ecolabel from CII Green Business Centre.
- · TVS Orbiter recognised in 'innovation EV' category at Aegis Graham Bell Awards.
- · Design-led communication work recognised at ET Awards for Design & Creativity 2026 and Kyoorius 2025.
- · TVS Apache completed 20 years; 20th Anniversary Limited Editions launched in September 2025.
- · Norton Motorcycles marked a significant step forward with a resurgent new range, signalling shift from revival to resurgence.
- · TVSM made maiden presence at EICMA, showcasing global product line-up and vision.
- · Crossed 1 million unit cumulative production in Indonesia.
- · TVS Indus Design Honours launched, an annual platform to nurture design-led innovation in mobility.
- · TVS NTORQ 150 won 'Scooter of the Year' at Car&Bike Awards 2026.
- · TVS Orbiter V1 BaaS variant introduced in March 2026.
- · TVS King Kargo HD CNG launched in February 2026.
- · TVS Jupiter 125 displayed in Milan as 'Art on Wheels'.
- · Apache RTR 310 made debut in Morocco.
- · TVS received CII-ITC Sustainability Awards Outstanding Accomplishment Award in Corporate Excellence.
- · TVS received five honours in JD Power 2026 India Two-wheeler studies (IQS & APEAL).
- · TVS Jupiter 110, TVS Ronin, TVS Raider ranked highest in their segments in IQS.
- · TVS Sport and TVS Jupiter 110 ranked highest in APEAL study.
- · Blue collar workforce: 15.5% women; White collar: 21% women.
- · Differently-abled employees: 3%.
- · Renewable energy used in India operations: 97.13%.
- · Water recycled in India operations: 169,155 Kl.
- · Emissions avoided in India operations: 76,708.24 tCO2e.
- · CSR beneficiaries: 1.6 Mn.
- · EV sales in Q2: 80,000 units; Q4: 1.06 lakh units (highest-ever quarterly).
- · International business volumes in Q3: 4.10 lakh units, up 40% YoY.
- · Highest-ever quarterly sales of 15.44 lakh units in Q4 FY 2025-26.
- · Highest-ever quarterly sale of 15.6 lakh units in FY 2025-26 (likely Q3 or full year? source says '15.6 lakh units' in Q4 context but ambiguous).
29-06-2026
Bajaj Auto Limited announced a buyback of up to 46,94,000 equity shares (1.68% of paid-up capital) at ₹12,000 per share, aggregating up to ₹5,632,80,00,000 (₹5,632.80 Cr) excluding transaction costs. The buyback opens on July 1, 2026 and closes on July 7, 2026, via the tender offer route on a proportionate basis. The buyback size represents 16.93% of standalone net worth and 15.59% of consolidated net worth as of March 31, 2026.
- · Record Date for determining eligible shareholders: June 24, 2026.
- · Buyback entitlement ratio for Small Shareholders: 17 equity shares for every 61 held on Record Date.
- · Buyback entitlement ratio for General Category: 17 equity shares for every 525 held on Record Date.
- · Last date for receipt of completed Tender Forms and documents by Registrar: July 7, 2026 (by 5:00 PM IST).
- · Last date for settlement of bids on stock exchanges: July 14, 2026.
- · Manager to the Buyback: Kotak Mahindra Capital Company Limited; Registrar: KFin Technologies Limited.
- · The buyback is being undertaken via the tender offer route on a proportionate basis, in compliance with the Companies Act, 2013 and SEBI Buyback Regulations.
- · The buyback size is within the statutory limit of 25% of aggregate paid-up capital and free reserves.
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