Speaking with et now, Sharma said that the GST reduction has created both profit for disposable income and positive sentiment, so that consumers led to promote purchases of motorcycles. “September saw a sharp increase in the last nine days after people had postponed purchases because of the GST rate announcements. October will probably be better if we see the full impact of the cutbacks,” Sharma noted.
Best Navratri sales in 5 years
Sharma described this year’s Navratri as Bajaj car’s best in five years, although he decreased from giving specific Diwali or party season sales goals. “The setup is good and the retail sentiment is positive. But it is difficult to sail the numbers with so many moving parts,” he added.
Upgrading customers to Premium bicycles
An important trend that supports the demand can be stepped on the motorcycle market. In the past five years, the share of entry level (below 100 cc) motorcycles has fallen from 55% to 48%, with more customers opt for bicycles with a higher capacity. “GST seasons have strengthened this trend, giving something better customers the confidence to extend their budgets for larger bicycles,” Sharma explained.
Absorbing GST walk in premium segments
Bajaj Auto has also accepted a strategic call to absorb the GST walk in motorcycles above 350 cc, which influence models such as KTM and Triumph. “The GST rate has risen from 28% to 40%, but we have maintained stable prices to prevent them from harming a disaster-up momentum for this premium brands. The relocation was well received by customers and dealers,” Sharma said.
Strong export momentum
During export, Sharma reported robust growth, especially in Latin America, where Bajaj Auto registered its highest quarterly sales ever. “We are growing the industrial percentage in important markets with 1.5 times. With more than 30 countries that contribute 80% of our worldwide activities, export is a strong growth motor. Dollar valuation also supports the margins,” he emphasized.
Outlook for FY26
Looking ahead, Sharma kept a cautious optimistic prospect. “The GST Cut has improved momentum in the short term and should support growth in the medium term. However, inflation, rupid volatility and regulatory costs-as required to compensate for a few benefits on all two-wheelers. Macro-economic macroër can influence affordability and margins.
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