{"id":939,"date":"2026-06-24T11:17:30","date_gmt":"2026-06-24T11:17:30","guid":{"rendered":"https:\/\/investors.bajajauto.com\/ar26\/?page_id=939"},"modified":"2026-06-25T06:26:33","modified_gmt":"2026-06-25T06:26:33","slug":"investment-in-associates","status":"publish","type":"page","link":"https:\/\/investors.bajajauto.com\/ar26\/investment-in-associates\/","title":{"rendered":"Investment in associates"},"content":{"rendered":"\n\n\t
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\n\t\t\t\n\t\t\t\n\n\n\n\n\n\t\n\t\t\n\t\t49<\/title>\n\t\t<style>\n\t\t\tbody, div, dl, dt, dd, h1, h2, h3, h4, h5, h6, p, pre, code, blockquote, figure {\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-color:#000000;\n\tborder-style:none;\n\tborder-width:0px;\n\tmargin-bottom:0px;\n\tmargin-top:0px;\n}\ntd.Annual-Report-Main-Table, th.Annual-Report-Main-Table {\n\tborder-left-width:1px;\n\tborder-left-style:solid;\n\tborder-left-color:#000000;\n\tborder-top-width:1px;\n\tborder-top-style:solid;\n\tborder-top-color:#000000;\n\tborder-right-width:1px;\n\tborder-right-style:solid;\n\tborder-right-color:#000000;\n\tborder-bottom-width:1px;\n\tborder-bottom-style:solid;\n\tborder-bottom-color:#000000;\n\tpadding-top:4px;\n\tpadding-bottom:4px;\n\tpadding-left:4px;\n\tpadding-right:4px;\n\tvertical-align:top;\n}\ntable.Basic-Table 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{\n\tborder-collapse:collapse;\n\tborder-width:0px;\n\tmargin-bottom:10px;\n}\ntd.CellOverride-1 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:1px;\n\tpadding-top:1px;\n}\ntd.CellOverride-2 {\n\tborder-bottom-width:0px;\n\tborder-left-style:solid;\n\tborder-right-style:solid;\n}\ntd.CellOverride-3 {\n\tborder-left-style:solid;\n}\ntd.CellOverride-4 {\n\tborder-bottom-width:0px;\n\tborder-left-style:solid;\n\tborder-right-style:solid;\n\tborder-top-width:0px;\n}\np.ParaOverride-1 {\n\tmargin-left:0;\n\ttext-indent:0;\n}\nspan.CharOverride-1 {\n\tfont-family:Poppins, sans-serif;\n\tfont-style:normal;\n\tfont-weight:bold;\n}\ntd._idGenCellOverride-1 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{\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-6 {\n\tbackground-color:#d4e3f5;\n\tborder-bottom-color:#005dac;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:2px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n\tpadding-bottom:4px;\n\tpadding-left:2px;\n\tpadding-right:2px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-7 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\ntd._idGenCellOverride-8 {\n\tbackground-color:#dcddde;\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:2px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n\tpadding-bottom:4px;\n\tpadding-left:2px;\n\tpadding-right:2px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-9 {\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\ntd._idGenCellOverride-10 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-color:#005dac;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-11 {\n\tborder-bottom-color:#005dac;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-top-color:#005dac;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-12 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-left-color:#005dac;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\ntd._idGenCellOverride-13 {\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-14 {\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-15 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-right-color:#005dac;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-16 {\n\tborder-bottom-color:#005dac;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-top-color:#005dac;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-17 {\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-18 {\n\tborder-bottom-color:#005dac;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:2px;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-color:#005dac;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-19 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-right-color:#000000;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\ntd._idGenCellOverride-20 {\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:2px;\n\tborder-left-color:#000000;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n\tpadding-bottom:5px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-21 {\n\tbackground-color:#dcddde;\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:2px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:4px;\n\tpadding-left:2px;\n\tpadding-right:2px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-22 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\ntd._idGenCellOverride-23 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-24 {\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd._idGenCellOverride-25 {\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\ntd._idGenCellOverride-26 {\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\ntd._idGenCellOverride-27 {\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ncol._idGenTableRowColumn-1 {\n\twidth:800px;\n}\ntr._idGenTableRowColumn-2 {\n\tmin-height:25px;\n}\ncol._idGenTableRowColumn-3 {\n\twidth:610px;\n}\ncol._idGenTableRowColumn-4 {\n\twidth:10px;\n}\ncol._idGenTableRowColumn-5 {\n\twidth:85px;\n}\ntr._idGenTableRowColumn-6 {\n\tmin-height:17px;\n}\ntr._idGenTableRowColumn-7 {\n\tmin-height:23px;\n}\ntr._idGenTableRowColumn-8 {\n\tmin-height:41px;\n}\ncol._idGenTableRowColumn-9 {\n\twidth:25px;\n}\ncol._idGenTableRowColumn-10 {\n\twidth:778px;\n}\ntr._idGenTableRowColumn-11 {\n\tmin-height:35px;\n}\ncol._idGenTableRowColumn-12 {\n\twidth:706px;\n}\ntr._idGenTableRowColumn-13 {\n\tmin-height:59px;\n}\ncol._idGenTableRowColumn-14 {\n\twidth:749px;\n}\ntr._idGenTableRowColumn-15 {\n\tmin-height:53px;\n}\ntr._idGenTableRowColumn-16 {\n\tmin-height:11px;\n}\ntr._idGenTableRowColumn-17 {\n\tmin-height:21px;\n}\ntr._idGenTableRowColumn-18 {\n\tmin-height:3px;\n}\ntr._idGenTableRowColumn-19 {\n\tmin-height:65px;\n}\ntr._idGenTableRowColumn-20 {\n\tmin-height:32px;\n}\ntr._idGenTableRowColumn-21 {\n\tmin-height:47px;\n}\ntr._idGenTableRowColumn-22 {\n\tmin-height:71px;\n}\ncol._idGenTableRowColumn-23 {\n\twidth:679px;\n}\ndiv._idGenObjectStyleOverride-1 {\n\tborder-width:0px;\n}\n\n\t\t<\/style>\n\t<\/head>\n\t<body id=\"x49\">\n\t\t<div id=\"_idContainer000\" class=\"_idGenObjectStyleOverride-1\">\n\t\t\t<table id=\"table001\" class=\"Annual-Report-Main-Table\">\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-_-R9--01-Color_Head _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Main_Head_Color\" lang=\"en-US\">49  Investment in associates<\/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\">       <\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The Group, through its wholly owned subsidiary, BAIHBV, previously held 49.9% stake in one associate, i.e., Bajaj Auto International Holdings AG ('BAI HAG' – formerly known as 'Pierer Bajaj AG' or 'PBAG'). On 18 November 18, 2025 ('date of acquisition'), the Company through its wholly owned subsidiary, BAIHBV, acquired sole controlling interest in BAI HAG and consequently, BAIHAG became subsidiary of the Group.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">Bajaj Auto International Holdings AG (\u2018BAIHAG\u2019 – formerly known as \u2018Pierer Bajaj AG\u2019 or \u2018PBAG\u2019) 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.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The Group has accounted its share of consolidated loss for the period 1 January 2025 to 18 November 2025 as an associate, the profit on remeasurement of previously held equity interest at fair value was recognised in other comprehensive income and the accumulated foreign currency translation gain accumulated in the Foreign Currency Translation Reserve, has been reclassified to the Statement of Profit and Loss<\/p>\n\t\t\t<table id=\"table002\" class=\"Annual-Report-Main-Table TableOverride-1\">\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-_-R9--02-Rupees_In_Crore _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-2\" colspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Rupees_In_Crore\" lang=\"en-US\"><span>(<\/span>\u20b9<span> In Crore)<\/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-_-R9--05-Particulars-Left- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" rowspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--04-As-at-31-March _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" colspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-As-at-31-March\" lang=\"en-US\"><span>For the year ended 31 March<\/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 _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-CY_2026 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Color-\">2026<\/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 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-PY_2025 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Right-\">2025<\/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-_-R9--00-Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">       <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-13\" \/>\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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Share of profit\/(loss) of associate accounted for under equity method<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"><span> (1,038.07)<\/span><\/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 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> (3,389.66)<\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Gain on remeasurement at fair value (see note 46)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"><span> 953.10 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\">\u2013<\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Impairment provisioning*<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"><span>\u2013<\/span><\/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 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> (600.93)<\/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 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Reclassification of Foreign currency translation gain accumulated over the prior reporting periods in FCT Reserve<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"><span> 645.71 <\/span><\/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 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\">\u2013<\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Restructuring Gain on write-back of liabilities of BAIH AG Group entities*<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure-Color- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"><span>\u2013<\/span><\/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 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 3,075.11 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_Total-Lines_-R9-GTotal-Color- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-18\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Color-\" lang=\"en-US\"><span> 560.74 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-19\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_Total-Lines_-R9-GTotal-Black- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-20\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> (915.48)<\/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-Footnote_indent\">* During the year ended 31 March 2025, the Group has recognized a net loss of \u20b9 915.48 crore in the consolidated financial statements related to its investment in erstwhile associate entity, Bajaj Auto International Holdings AG (\u2018BAI HAG\u2019 – formerly known as \u2018Pierer Bajaj AG\u2019 or \u2018PBAG\u2019). This comprises share of loss of \u20b9 314.55 crore, accounted for under the equity method, and an impairment loss of \u20b9 600.93 crore on the carrying value of net investment in the associate.<\/p>\n\t\t\t<p class=\"_R9-_-R9-Footnote_indent\">The share of loss of \u20b9 314.55 crore includes a proportionate share of gain of \u20b9 3,075.11 crore recognised by KTM AG pertaining to write back of liabilities, consequent to the creditors meeting dated 25 February 2025, which was part of the financial restructuring process of KTM AG under court approved self-administration proceedings.<\/p>\n\t\t\t<p class=\"_R9-_-R9-Footnote_indent\">The impairment loss of \u20b9 600.93 crore has been recognized on the Group\u2019s carrying value of net investment in associate forming part of automotive segment based on a computation of value in use pursuant to restructuring of KTM AG which included comprehensive review of the underlying valuation and long-term cash flow projections of operating entity KTM AG. The impairment assessment considered multiple scenarios and incorporated potential downside risks to future performance, including sensitivity to macroeconomic conditions, market demand, and execution of the restructured business plan.<\/p>\n\t\t\t<p lang=\"en-US\">     <\/p>\n\t\t\t<table id=\"table003\" class=\"Basic-Table TableOverride-2\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-9\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-10\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-11\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_01Indent_Bold\" lang=\"en-US\"><span>a.<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">Bajaj Auto International Holdings AG ('BAIHAG' – formerly known as 'Pierer Bajaj AG' or 'PBAG') erstwhile associate, is a private entity that is not listed on any public exchange.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">The Group\u2019s interest is in PBAG. (Refer section B.1 of material accounting policies)<\/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<table id=\"table004\" class=\"Annual-Report-Main-Table TableOverride-1\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-12\" \/>\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-13\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Particulars-Left- _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-PY_2025 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-21\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Right-\">31 Dec 2024 (<span class=\"ITF-Rupee CharOverride-1\">\u20b9<\/span> In Crore)<\/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-_-R9--00-Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">       <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-23\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-13\" \/>\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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Current assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 11,084.64 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Non-current assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 8,451.79 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Assets held for sale and disposal groups<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 1,843.43 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Current liabilities<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 20,767.20 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Non-current liabilities<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 1,749.01 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Liabilities in connection with assets held for sale and disposal groups<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 599.72 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Equity<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> (1,736.07)<\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">       <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\" \/>\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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Revenue<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 17,011.12 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Profit\/(loss) before tax<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> (11,561.83)<\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Profit\/(loss) for the year (continuing operations)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> (9,781.15)<\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Total comprehensive income\/(loss) for the year (continuing operations)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> (9,796.27)<\/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-Footnote\">The associate had no contingent liabilities or capital commitments.<\/p>\n\t\t\t<p lang=\"en-US\">    <\/p>\n\t\t\t<table id=\"table005\" class=\"Basic-Table TableOverride-3\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-9\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-9\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-14\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-15\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_01Indent_Bold\" lang=\"en-US\"><span>b.<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" colspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">The Group has, as on 31 March 2026, the financial assets accounted for using the equity method. The interests in associates that are included using the equity method are considered to be immaterial individually.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" colspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">Following associates are accounted for using the equity methods:<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" colspan=\"3\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">       <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-17\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_3_Chapter_Head_NF_Body-Text_1st-Indent\" lang=\"en-US\"><span class=\"Bullet\">\u2022<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" rowspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">KTM Asia Motorcycle Manufacturing Inc.,<\/p>\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">KTM Asia Motorcycle Manufacturing Inc., Philippines, was founded in June 2016 together with partner Ayala Corp. and started CKD (Completely-Knocked-Down) assembly for KTM motorcycles in the Philippines in mid-2017.<\/p>\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">This share is completely depreciated due to uncertain going concern forecasts.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-18\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-19\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" colspan=\"3\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">     <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-17\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_3_Chapter_Head_NF_Body-Text_1st-Indent\" lang=\"en-US\"><span class=\"Bullet\">\u2022<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" rowspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">KISKA GmbH.<\/p>\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">The Group has classified and valued its 20% share in KISKA GmbH as \u2018held for sale\u2019. Kiska GmbH is a design company that provides services in the field of development and design.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-20\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" colspan=\"3\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">     <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-17\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_3_Chapter_Head_NF_Body-Text_1st-Indent\" lang=\"en-US\"><span class=\"Bullet\">\u2022<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" rowspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">LX Media GmbH;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\t\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-18\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-19\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" colspan=\"3\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">     <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-17\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_3_Chapter_Head_NF_Body-Text_1st-Indent\" lang=\"en-US\"><span class=\"Bullet\">\u2022<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" rowspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">CFMOTO-KTMR2R Motorcycles Co., Ltd.,<\/p>\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">CFMOTO was established in financial year 2018 under the name \u2018Zhejiang CFMOTO-KTMR2R Mo-torcycles Co., Ltd.\u2019. The \ncompany commenced operations in the financial year 2021.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-18\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-21\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" colspan=\"3\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">       <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-11\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">In Hangzhou, China, mid-range motorcycles are produced. The Bajaj Group intensified its cooperation with CFMOTO in the financial year 2023 and expanded production.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" colspan=\"3\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">     <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-22\">\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table CellOverride-1\" colspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">The following table illustrates the summarised financial information of the Group\u2019s investment in CFMOTO-KTMR2R Motorcycles Co., Ltd., (in Chinese Yuan, which is its functional currency) acquired as an associate through business combination of BAIHAG effective 18 November 2025: (Refer section B.1 of material accounting policies)<\/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<table id=\"table006\" class=\"Annual-Report-Main-Table TableOverride-1\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-9\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-23\" \/>\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-13\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Particulars-Left- _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-2 _idGenCellOverride-24\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--05-Particulars-Left- _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-PY_2025 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-21\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Right-\">31 Dec 2025 (<span class=\"ITF-Rupee CharOverride-1\">\u20b9<\/span> In Crore)<\/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-_-R9--00-Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-25\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--00-Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p lang=\"en-US\">     <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-23\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-13\" \/>\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-_-R9-Text-Bold- _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-25\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text-Bold- _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-26\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Current assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 13.09 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Non-current assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 642.49 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Assets held for sale and disposal groups<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\">\u2013<\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Current liabilities<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 276.03 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Non-current liabilities<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 8.58 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Liabilities in connection with assets held for sale and disposal groups<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\">\u2013<\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">Equity<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Bold-\"> 370.97 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">      <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\" \/>\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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Revenue<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 1,184.61 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Profit before tax<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 75.12 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Profit for the year (continuing operations)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 67.46 <\/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-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-27\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Text _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-14\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Total comprehensive income for the year (continuing operations)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _C6-_-Pop9-BlankCell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9-Figure _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-17\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 67.46 <\/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-Footnote\">        The associate had no contingent liabilities or capital commitments.<\/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\n\t\t<\/div>\n\n\t\t\n<style>\n#section_588023196 {\n padding-top: 30px;\n padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\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":"page-blank.php","meta":{"footnotes":""},"class_list":["post-939","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investment in associates - Annual Report 2025-26<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.bajajauto.com\/ar26\/investment-in-associates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment in associates - Annual Report 2025-26\" \/>\n<meta property=\"og:url\" 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