Shares of Bajaj Auto were trading at Rs 9,639, down 2.07%, in afternoon trade on Monday after the company issued the letter of offer for its Rs 5,632.8 crore share buyback.
The company has fixed July 1 as the opening date for the buyback, with the tender offer set to close on July 7. Under the offer, Bajaj Auto will repurchase up to 46.94 lakh fully paid-up equity shares at a price of Rs 12,000 per share through the tender offer route.
July 7 is also the last date for receipt of completed tender forms and other specified documents by the registrar to the buyback. Settlement of bids on the stock exchanges is scheduled to be completed by July 14.
Alongside the buyback documents, Bajaj Auto's FY2026 annual report said the company's next phase of growth will be driven by an expanded product portfolio, including the Freedom CNG motorcycle, the refreshed Pulsar range, the Chetak electric scooter, new KTM and Triumph motorcycles, and the Riki electric three-wheeler. The company identified premium motorcycles, electric mobility, commercial vehicles and exports as its key growth engines over the coming years.
The company reported standalone revenue of Rs 58,732 crore in FY26, while consolidated revenue rose to nearly Rs 63,000 crore. Vehicle sales crossed 5.1 million units for the first time, export volumes reached a record 2.25 million units and surplus cash stood at Rs 18,137 crore despite strategic investments, capital expenditure and shareholder payouts.
Bajaj Auto also said premium motorcycles remain at the core of its strategy, with models above 125cc accounting for 77.5% of motorcycle volumes. During FY26, the company refreshed the Pulsar range, launched the KTM Duke 160 and RC 160, expanded Triumph's Modern Classics portfolio with the Thruxton 400 and added nearly 80 KTM showrooms.
The buyback was announced on June 19, with the public announcement released on June 22, and is being undertaken in accordance with the Companies Act, 2013, the SEBI (Buy-Back of Securities) Regulations, 2018, and other applicable laws.