Rakesh Sharma, executive director of Bajaj Auto, said, “We thank the Government of India for the initiative, which touches the lives of millions. Two- and three-wheeler mobility is the backbone of livelihoods and fulfills many family aspirations. At Bajaj Auto, we are delighted to support the initiative, making our vehicles more affordable just as the festive season begins.”

Bajaj Auto is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers, etc., and parts thereof.

The company had reported a 5% increase in standalone net profit to Rs 2,096 crore in Q1 FY26 from Rs 1,988 crore in Q1 FY25. For the quarter, the company declared revenue of Rs 12,584 crore, a growth of 6% over the corresponding quarter of the previous year.

Shares of Bajaj Auto shed 0.39% to Rs 9,345 on the BSE.