India's Bajaj Auto Exec Says Can Deliver Only 50%-60% Of Planned E-Scooter Volumes In Q2

Bajaj Auto Exec:

• RARE EARTH MAGNET SHORTAGE IMPACTED EV VOLUMES IN JUNE

• WILL BE LOSING VOLUMES IN EV BUSINESSES IN Q2 BECAUSE OF RARE EARTH ISSUE

• AT THIS POINT WE CAN DELIVER ONLY 50%-60% OF PLANNED E-SCOOTER DELIVERIES IN Q2

• FOR ELECTRIC 3-WHEELERS, CAN DELIVER ONLY 70%-80% OF PLANNED DELIVERIES IN Q2

• SHOULD BE IN POSITION TO DE-RISK CO FROM RARE EARTH SUPPLY CRUNCH BY END OF FY26

• EVALUATING HOW TO RE-DESIGN EV MOTORS WITH LIGHT RARE EARTHS