Bajaj Auto Ltd

- The last capital infusion into Bajaj Auto's captive finance subsidiary BACL was in October, amounting to about INR 300 crores, classified as Tier 2 capital. - This infusion is expected to be the final one needed, and there is no mention of any immediate future fundraising through equity or debt in the call. - The company highlighted managing liquidity and unlocking it as part of the KTM turnaround plan but did not specify any new fundraising plans. - Overall, Bajaj Auto does not indicate any current or near-term plans for raising debt or equity funding based on the provided transcript.

- Bajaj Auto is prioritizing significant product development, including a new 125cc bike launch planned for the current year to strengthen presence in the 125cc segment. - There are plans to expand the Dominar brand portfolio internationally and possibly introduce new or dormant brands, indicating strategic investment in brand and product portfolio expansion. - Ongoing investments are focused on scaling the electric vehicle (EV) portfolio, including electric 2-wheelers and 3-wheelers, with efforts toward profitability and introducing swappable battery options. - Bajaj Mobility (including KTM AG) is undergoing a turnaround plan involving organizational restructuring, cost reduction, and synergies to enhance long-term competitiveness. - Bajaj Auto's subsidiary, Bajaj Auto Finance (BACL), has recently received a final capital infusion (~INR 300 crores) to strengthen its digital-first, low-cost financing platform. - Expansion of KTM-Triumph joint showrooms from 50 to over 100 by March illustrates investment in dealer network enhancement.

- **Domestic Motorcycle Industry Growth:** Expected to sustain 12-15% growth in the near term, with 125cc+ segment growing faster, particularly 150cc+. - **Bajaj’s Domestic Volume Growth:** Aim to move from low single digits to double-digit growth, driven by product refreshes, especially in the Pulsar 150cc+ portfolio with multiple new launches underway. - **Export Business:** Targeting 200,000+ units monthly run rate in Q4, close to previous peak; export revenues grew ~20% YoY recently; expected to continue broad-based growth across 108 countries. - **Electric Vehicle Sales:** Rapid scale-up with ~40% quarter-on-quarter growth; Electric 3-wheelers significantly contribute with higher ASPs. - **Spares Business:** Growth at 18% YoY, positive outlook continues. - **KTM and Triumph Brands:** Expected to grow steadily with expanded dealerships and brand activations. - **Overall Revenue:** Achieved record quarterly revenue and volumes; outlook remains positive with double-digit growth aspirations supported by favorable market conditions and product strategy.

- Bajaj Auto expects sustained growth momentum in exports with a target of 200,000+ units monthly in Q4 and continued double-digit growth in key markets. - Domestic motorcycle industry growth is projected at 12-15% in the near term, driven by the 125cc+ and especially 150cc+ segments. - The company is actively refreshing its Pulsar portfolio with multiple new product launches to regain and grow market share. - Cost inflation pressures (50-60 bps) are partly offset through pricing actions, currency tailwinds, and operational levers. - EBITDA margins expanded sequentially and year-on-year, supported by currency, operating leverage, and PLI benefits. - Electric vehicle business is scaling rapidly, contributing to revenue and margin improvement, with over 25% of domestic revenue. - The company has absorbed GST hikes and incentive withdrawals prudently to maintain competitiveness and volume growth. - Overall outlook is optimistic with a focus on sustained revenue and margin expansion and best-ever profitability benchmarks.

The transcript provided does not include specific details on the current or expected order book or pending orders for Bajaj Auto Limited. The discussions primarily focus on: - Commodity cost inflation and its impact on margins. - Product launches and market share strategies, especially in the 125cc and 150cc+ segments. - Electric vehicle (EV) rollout, including E-Rickshaw and E-Cart expansions. - Export growth outlook targeting a 200,000+ unit monthly run rate in Q4. - Financial performance of the captive finance arm (BACL). - KTM business integration and operational turnaround plans. No explicit mention of order book size, backlog, or pending orders is made in the available text on or around page 18. If you need detailed order book info, it might be in other sections of the report or supplementary disclosures.