Business
BMAG: Negative H1 results drive restructuring and cost cuts; outlook improves for H2 and 2025
BMAG: Negative H1 results drive restructuring and cost cuts; outlook improves for H2 and 2025
About this update from Bajaj Mobility Ag
First half 2024 saw negative results due to weak demand, high costs, and inventory overhang, especially in the bicycle segment. Aggressive restructuring, cost-cutting, and inventory reduction are underway, with a better second half expected and net debt targeted to fall below EUR 1 billion in 2025.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.