Overview

• Bajaj Auto’s EV production fell by about 50% in July after China imposed export licensing on high-rare-earth magnets in April
• The company expects to ship only 50–60% of its planned electric-scooter volumes and 70–80% of three-wheeler volumes this quarter
• Launch of the entry-level Chetak EV has been postponed to prioritize output recovery for the existing electric lineup
• Bajaj is pursuing three mitigation strategies: sourcing low-rare-earth magnets inside and outside China, developing ferrite-based alternatives, and working with authorities to reopen high-rare-earth flows
• Full production recovery is slated for late September, with complete supply-chain de-risking projected to take six to nine months