{"id":1883,"date":"2021-06-13T14:59:06","date_gmt":"2021-06-13T14:59:06","guid":{"rendered":"https:\/\/investors.bajajauto.com\/ar22\/?page_id=1883"},"modified":"2022-06-24T17:19:33","modified_gmt":"2022-06-24T17:19:33","slug":"36-investment-in-an-associate","status":"publish","type":"page","link":"https:\/\/investors.bajajauto.com\/ar22\/36-investment-in-an-associate\/","title":{"rendered":"36 Investment in an associate"},"content":{"rendered":"
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\n\t\t\t\n\t\t\t\n\n\n\t\tBack to note<\/span>\n\t<\/a>\n\n\n\n\t\tbalance sheet<\/span>\n\t<\/a>\n\n\n\t
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{\n\tborder-left-color:#000000;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n}\ncol._idGenTableRowColumn-1 {\n\twidth:935px;\n}\ntr._idGenTableRowColumn-2 {\n\tmin-height:35px;\n}\ncol._idGenTableRowColumn-3 {\n\twidth:697px;\n}\ncol._idGenTableRowColumn-4 {\n\twidth:6px;\n}\ncol._idGenTableRowColumn-5 {\n\twidth:113px;\n}\ntr._idGenTableRowColumn-6 {\n\tmin-height:29px;\n}\ntr._idGenTableRowColumn-7 {\n\theight:29px;\n}\ntr._idGenTableRowColumn-8 {\n\theight:20px;\n}\ndiv._idGenObjectStyleOverride-1 {\n\tborder-width:0px;\n\twidth:100%;\n\tpadding-left:5px;\n\tpadding-right:5px;\n}\n\n<\/style>\n\t<\/head>\n\t<body id=\"x36_Investment_in_an_associate\" lang=\"en-US\">\n\t\t<div id=\"_idContainer000\" class=\"_idGenObjectStyleOverride-1\">\n\t\t\t<table id=\"table001\" class=\"Annual-Report-Main-Table TableOverride-1\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-1\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-2\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-01_Web-Color_Head\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Main_Head_Color\">36 Investment in an associate<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t<\/div>\n\t\t<div id=\"_idContainer001\" class=\"_idGenObjectStyleOverride-1\">\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent ParaOverride-1\"><span class=\"plain-Text\">Th<\/span><span class=\"plain-Text\">e Group held 47.99% interest in KTM AG, Austria which was swapped for 49.90% stake in Pierer Bajaj AG on 29 September 2021.<\/span><\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent ParaOverride-2\"><span class=\"plain-Text\">Pierer Bajaj AG (formerly: PTW Holding AG) acts exclusively as the holding company of Pierer Mobility AG. The Pierer Mobility Group is Europe\u2019s leading \u2018Powered Two-Wheeler\u2019 (PTW) manufacturer with a focus on highly innovative sports motorcycles and electric mobility. With its KTM, HUSQVARNA Motorcycles, and GASGAS motorcycle brands, it is one of the technology and market leaders in Europe, especially when it comes to premium motorcycles.<\/span><\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent ParaOverride-2\"><span class=\"plain-Text\">Pierer Bajaj AG is a private entity that is not listed on any public exchange. The Group\u2019s interest is in Pierer Bajaj AG.<\/span><\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent ParaOverride-2\"><span class=\"plain-Text\">The following table illustrates the summarised financial information of the Group\u2019s investment in Pierer Bajaj AG (in Euro, which is its functional currency):<\/span><\/p>\n\t\t<\/div>\n\t\t<div id=\"_idContainer002\" class=\"_idGenObjectStyleOverride-1\">\n\t\t\t<table id=\"table002\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-3\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-07_Web-Thickline-Black-_Left _idGenCellOverride-1\" rowspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Thickline-Black-Left\" lang=\"en-GB\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-02_Web-Rupees_In_Crore _idGenCellOverride-2\" colspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Rupees_In_Crore\">(Euro in Million)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-05_Web-Thinline-Color- _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Thinline-Color-\" lang=\"en-GB\"style=\"text-align: right\">31 Dec 2021<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-05_Web-Thinline-Black- _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Thinline-Black-\" lang=\"en-GB\"style=\"text-align: right\">31 Dec 2020<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-07_Web-Thickline-Black- _idGenCellOverride-6\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Thickline-Black-\" lang=\"en-GB\"> Pierer Bajaj AG <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-07_Web-Thickline-Black- _idGenCellOverride-7\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-07_Web-Thickline-Black- _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Thickline-Black-\" lang=\"en-GB\"> KTM AG <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-9\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-12\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Current assets<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 1,040.91 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 666.37 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Non-current assets<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 992.81 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 911.20 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Current liabilities<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 618.80 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 391.75 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Non-current liabilities<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 649.46 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1 _idGenCellOverride-14\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 550.85 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text-Bold- _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Text-Bold-\" lang=\"en-GB\"><span lang=\"en-US\">Equity<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 765.46 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 634.97 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1 _idGenCellOverride-15\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Revenue<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 2,041.73 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 1,413.98 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Cost of sales<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (1,448.63)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1 _idGenCellOverride-14\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (1,012.77)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text-Bold- _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Text-Bold-\" lang=\"en-GB\"><span lang=\"en-US\">Gross profit<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 593.10 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 401.21 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Selling and racing expenses<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (237.85)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1 _idGenCellOverride-15\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (192.30)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Research and development expenses<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (33.33)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (15.49)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Infrastructure and administration expenses<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (129.05)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (86.60)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Other operating expenses<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (1.99)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (0.29)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Other operating income<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 0.74 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 0.13 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Share of profit of associates<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_Total-Lines_-T1_Web-Bottom-Black- _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 1.67 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_Total-Lines_-T1_Web-Bottom-Black- _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (1.36)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text-Bold- _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Text-Bold-\" lang=\"en-GB\"><span lang=\"en-US\">Result from operating activities<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 193.29 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 105.30 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Interest income<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 1.86 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 1.52 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Interest expenses<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (12.86)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (12.98)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Other financial result<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_Total-Lines_-T1_Web-Bottom-Black- _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> 9.10 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_Total-Lines_-T1_Web-Bottom-Black- _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (3.15)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text-Bold- _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Text-Bold-\" lang=\"en-GB\"><span lang=\"en-US\">Profit before tax<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 191.39 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 90.69 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Text\" lang=\"en-GB\"><span lang=\"en-US\">Tax expense<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (48.72)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure\" lang=\"en-GB\"><span lang=\"en-US\"> (19.48)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text-Bold- _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Text-Bold-\" lang=\"en-GB\"><span lang=\"en-US\">Profit for the year (continuing operations)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 142.67 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 71.21 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text-Bold- _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-Web-Text-Bold-\" lang=\"en-GB\"><span lang=\"en-US\">Total comprehensive income for the year (continuing operations)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-13\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 150.42 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-00Web-Figure-Bold-\" lang=\"en-GB\"><span lang=\"en-US\"> 67.92 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-8\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Text-Bold- CellOverride-4 _idGenCellOverride-18\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- CellOverride-6 _idGenCellOverride-19\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-04_Web-Blank-Cell CellOverride-7\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-00Web-Figure-Bold- CellOverride-6 _idGenCellOverride-20\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t<\/div>\n\t\t<div id=\"_idContainer003\" class=\"_idGenObjectStyleOverride-1\">\n\t\t\t<p class=\"_R9-_-Web-Footnote\" lang=\"en-GB\"><span lang=\"en-US\">The associate had no contingent liabilities or capital commitments.<\/span><\/p>\n\t\t<\/div>\n\t<\/body>\n<\/html>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1883","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/investors.bajajauto.com\/ar22\/wp-json\/wp\/v2\/pages\/1883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investors.bajajauto.com\/ar22\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investors.bajajauto.com\/ar22\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investors.bajajauto.com\/ar22\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/investors.bajajauto.com\/ar22\/wp-json\/wp\/v2\/comments?post=1883"}],"version-history":[{"count":3,"href":"https:\/\/investors.bajajauto.com\/ar22\/wp-json\/wp\/v2\/pages\/1883\/revisions"}],"predecessor-version":[{"id":5012,"href":"https:\/\/investors.bajajauto.com\/ar22\/wp-json\/wp\/v2\/pages\/1883\/revisions\/5012"}],"wp:attachment":[{"href":"https:\/\/investors.bajajauto.com\/ar22\/wp-json\/wp\/v2\/media?parent=1883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}