{"id":150,"date":"2023-05-23T08:14:00","date_gmt":"2023-05-23T08:14:00","guid":{"rendered":"https:\/\/investors.bajajauto.com\/ar23\/?page_id=150"},"modified":"2023-06-13T10:23:59","modified_gmt":"2023-06-13T10:23:59","slug":"notes-to-consolidated-financial-statements","status":"publish","type":"page","link":"https:\/\/investors.bajajauto.com\/ar23\/notes-to-consolidated-financial-statements\/","title":{"rendered":"Notes to Consolidated financial statements"},"content":{"rendered":"\n<div class=\"row row-collapse row-full-width\"  id=\"row-806580764\">\n\n\n\t<div id=\"col-1769904154\" class=\"col medium-3 small-12 large-3\"  >\n\t\t<div class=\"is-sticky-column\"><div class=\"is-sticky-column__inner\">\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div class=\"ux-menu stack stack-col justify-start ux-menu--divider-solid\">\n\t\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar23\/consolidated-financial-statements\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tConsolidated Financial Statement\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar23\/consolidated-balance-sheet\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tBalance Sheet\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar23\/consolidated-statement-of-profit-and-loss\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tStatement of Profit and Loss\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar23\/consolidated-statement-of-changes-in-equity\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tStatement of Changes in Equity\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar23\/consolidated-statement-of-cash-flows\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tStatement of Cash Flows\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t<div class=\"ux-menu-link flex menu-item\">\n\t\t<a class=\"ux-menu-link__link flex\" href=\"https:\/\/investors.bajajauto.com\/ar23\/notes-to-consolidated-financial-statements\/\" >\n\t\t\t\t\t\t<span class=\"ux-menu-link__text\">\n\t\t\t\tNotes to Consolidated financial statements\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t<\/div><\/div>\t\t\n<style>\n#col-1769904154 > .is-sticky-column > .is-sticky-column__inner > .col-inner {\n  padding: 0px 20px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n\t<div id=\"col-499351513\" class=\"col medium-9 small-12 large-9\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\n<!DOCTYPE html>\n<html xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\" lang=\"en-GB\">\n\t<head>\n\t\t<meta charset=\"utf-8\" \/>\n\t\t<title>Corporate_Information<\/title>\n\t\t<style>\n\t\t\tbody, div, dl, dt, dd, h1, h2, h3, h4, h5, h6, p, pre, code, blockquote {\n\tmargin:0;\n\tpadding:0;\n\tborder-width:0;\n}\nbody {\n\t-epub-hyphens:auto;\n}\ntable.Annual-Report-Main-Table {\n\tborder-collapse:collapse;\n\tborder-style:none;\n\tborder-width:0px;\n\tmargin-bottom:0px;\n\tmargin-top:0px;\n}\ntd.Annual-Report-Main-Table 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{\n\tborder-collapse:collapse;\n\tmargin-top:6px;\n}\ntd._idGenCellOverride-1 {\n\tborder-right-color:#ffffff;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-color:#808285;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n}\ntd._idGenCellOverride-2 {\n\tborder-left-color:#ffffff;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-color:#808285;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n}\ntd._idGenCellOverride-3 {\n\tborder-left-color:#000000;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-color:#ffffff;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-color:#808285;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n}\ntd._idGenCellOverride-4 {\n\tborder-left-color:#000000;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-color:#808285;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n}\ntd._idGenCellOverride-5 {\n\tborder-right-color:#ffffff;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n}\ntd._idGenCellOverride-6 {\n\tborder-left-color:#ffffff;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n}\ntd._idGenCellOverride-7 {\n\tborder-left-color:#000000;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-color:#ffffff;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n}\ntd._idGenCellOverride-8 {\n\tborder-left-color:#000000;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n}\ncol._idGenTableRowColumn-1 {\n\twidth:285px;\n}\ncol._idGenTableRowColumn-2 {\n\twidth:5px;\n}\ncol._idGenTableRowColumn-3 {\n\twidth:110px;\n}\ncol._idGenTableRowColumn-4 {\n\twidth:115px;\n}\ncol._idGenTableRowColumn-5 {\n\twidth:120px;\n}\ncol._idGenTableRowColumn-6 {\n\twidth:100px;\n}\ntr._idGenTableRowColumn-7 {\n\tmin-height:77px;\n}\ntr._idGenTableRowColumn-8 {\n\tmin-height:29px;\n}\ntr._idGenTableRowColumn-9 {\n\tmin-height:45px;\n}\ndiv._idGenObjectStyleOverride-1 {\n\tborder-width:0px;\n}\n\n\t\t<\/style>\n\t<\/head>\n\t<body id=\"Corporate_Information\" lang=\"en-GB\">\n\t\t<div id=\"_idContainer000\" class=\"_idGenObjectStyleOverride-1\">\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_NewHead\" lang=\"en-US\">Corporate information<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">Bajaj Auto Ltd. (the \u2018Company\u2019) is a company limited by shares, incorporated and domiciled in India. The Company 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 sells its products in India as well as in various other global markets. The registered office of the Company is located at Mumbai-Pune Road, Akurdi, Pune 411035.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The consolidated financial statements comprise financial statements of Bajaj Auto Ltd. (the \u2018Company\u2019) and its subsidiaries (collectively, the \u2018Group\u2019) for the year ended 31 March 2023. The consolidated financial statements were approved for issue in accordance with a resolution of the Board of Directors of the Company on 25 April 2023.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The consolidated financial statements include results of the subsidiaries of Bajaj Auto Ltd., consolidated in accordance with Ind AS 110 \u2018Consolidated Financial Statements\u2019 and Ind AS 28 \u2018Investment in Associates and Joint Ventures\u2019.<\/p>\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\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-3\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-6\" \/>\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-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Left-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\" lang=\"en-GB\">Name of the Company<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Left-\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Left-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\" lang=\"en-GB\">Country of Incorporation<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Left-\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Left-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\" lang=\"en-GB\">% Shareholding of Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Left-\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Left-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\" lang=\"en-GB\">% Shareholding of Non-controlling interest<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Left-\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Thickline-Black--Left-\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\" lang=\"en-GB\">Consolidated as<\/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-_-R9-Text _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-4\" \/>\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-_-R9-Text _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">PT. Bajaj Auto Indonesia<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Indonesia<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">99.25%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">0.75%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Subsidiary<\/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-_-R9-Text _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Bajaj Auto International Holdings BV<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Netherlands<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">100.00%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Subsidiary<\/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-_-R9-Text _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Bajaj Auto (Thailand) Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Thailand<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">100.00%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Subsidiary<\/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-_-R9-Text _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Chetak Technology Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">India<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">100.00%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Subsidiary<\/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-_-R9-Text _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Bajaj Auto Consumer Finance Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">India<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">100.00%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Subsidiary<\/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-_-R9-Text _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Bajaj Auto Spain S.L.U.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Spain<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">100.00%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Subsidiary<\/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-9\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Bajaj Do Brasil Comercio De Motocicletas Ltda<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Brazil<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">100.00%<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _idGenCellOverride-6\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">Subsidiary<\/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\t<p class=\"_R9-_-R9-Text\" lang=\"en-GB\">&#160;&#160;&#160;<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The consolidated financial statements of Bajaj Auto International Holdings BV include 49.90% interest in Pierer Bajaj AG as an associate.<\/p>\n\t\t<\/div>\n\t<\/body>\n<\/html>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n<div class=\"row\"  id=\"row-635357768\">\n\n\n\t<div id=\"col-491809257\" class=\"col medium-4 small-12 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<ul style=\"list-style-type:none;\">\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/summary-of-significant-accounting-policies-followed-by-the-company-2\/\">1 Summary of significant accounting policies followed by the Company<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/property-plant-and-equipment-2\/\">2 Property, plant and equipment<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/investment-property-2\/\">3 Investment property<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/intangible-assets-2\/\">4 Intangible assets<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/investment-2\/\">5 Investments<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/loans-2\/\">6 Loans<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-financial-assets-2\/\">7 Other financial assets<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-assets-2\/\">8 Other assets<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/inventories-2\/\">9 Inventories<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/trade-receivables-2\/\">10 Trade receivables<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/cash-and-cash-equivalents-2\/\">11 Cash and cash equivalents<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-bank-balances-2\/\">12 Other bank balances<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/equity-share-capital-2\/\">13 Equity share capital<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-equity-2\/\">14 Other equity<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/sales-tax-deferral-2\/\">15 Sales tax deferral<\/a> <\/li>\n<\/ul>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-576756782\" class=\"col medium-4 small-12 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<ul style=\"list-style-type:none;\">\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/provisions-2\/\">16 Provisions<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/deferred-tax-liabilities-net-2\/\">17 Deferred tax liabilities (net) <\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-non-current-liabilities-2\/\">18 Other non-current liabilities<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/trade-payables-2\/\">19 Trade payables<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-financial-liabilities-2\/\">20 Other financial liabilities<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-current-liabilities-2\/\">21 Other current liabilities<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/revenue-from-operations-2\/\">22 Revenue from operations<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-income-2\/\"> 23 Other income<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/changes-in-inventories-2\/\">24 Changes in inventories<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/employee-benefits-expense-2\/\">25 Employee benefits expense<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/finance-costs-2\/\"> 26 Finance costs<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/depreciation-and-amortisation-expense-2\/\">27 Depreciation and amortisation expense<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-expenses-2\/\"> 28 Other expenses<\/a> <\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/exceptional-items-2\/\">29 Exceptional items<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/tax-expense-2\/\">30 Tax expense<\/a> <\/li>\n<\/ul>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1358578494\" class=\"col medium-4 small-12 large-4\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<ul style=\"list-style-type:none;\">\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/earnings-per-share-eps-2\/\">31 Earnings Per Share (EPS)<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/ratios-2\/\"> 32 &#8211; 33 Ratios<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/fair-value-measurement-2\/\"> 34 Fair Value Measurement<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/financial-risk-management-2\/\"> 35 Financial risk management<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/capital-management-2\/\"> 36 Capital management<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/employee-benefits-2\/\"> 37 Employee benefits<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/capital-commitments-2\/\"> 38 Capital commitments<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/expenditure-incurred-on-research-and-development-2\/\"> 39 Expenditure incurred on Research and Development<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/other-disclosures\/\">40 Other Disclosures<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/investment-in-an-associate\/\"> 41 &#8211; 42 Investment in an Associate<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/segment-information-2\/\"> 43 Segment Information <\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/disclosure-in-terms-of-schedule-iii-of-the-companies-act-2013\/\">44 Disclosure in terms of Schedule III of the Companies Act, 2013<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/miscellaneous-2\/\"> 45 Miscellaneous<\/a><\/li>\n<li><a href=\"https:\/\/investors.bajajauto.com\/ar23\/salient-features-of-the-financial-statements-of-subsidiaries-for-the-year-ended-31-march-2023\/\"> Salient features of the financial statements of subsidiaries for the year ended 31 March 2023<\/a><\/li>\n<\/ul>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\n<style>\n#row-635357768 > .col > .col-inner {\n  padding: 50px 0px 0px 0px;\n}\n<\/style>\n<\/div>\n\n","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-150","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/investors.bajajauto.com\/ar23\/wp-json\/wp\/v2\/pages\/150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investors.bajajauto.com\/ar23\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investors.bajajauto.com\/ar23\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investors.bajajauto.com\/ar23\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/investors.bajajauto.com\/ar23\/wp-json\/wp\/v2\/comments?post=150"}],"version-history":[{"count":10,"href":"https:\/\/investors.bajajauto.com\/ar23\/wp-json\/wp\/v2\/pages\/150\/revisions"}],"predecessor-version":[{"id":1022,"href":"https:\/\/investors.bajajauto.com\/ar23\/wp-json\/wp\/v2\/pages\/150\/revisions\/1022"}],"wp:attachment":[{"href":"https:\/\/investors.bajajauto.com\/ar23\/wp-json\/wp\/v2\/media?parent=150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}