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Bajaj Auto Shares Slide Despite September Sales Growth
Bajaj Auto sold more vehicles in September than it did a year earlier.
Its total sales increased by 5%.
Most of the growth came from selling vehicles in other countries.
Sales in India became weaker, falling by 9%.
Two-wheelers also sold less in the domestic market.
Analysts had expected the company’s sales to grow by about 11-12%.
Because the results were weaker than expected, investors sold the company’s shares.
The company’s sales for the first six months of FY27 were much stronger, rising by 24%.
Bajaj Auto sold 5,38,443 vehicles in September 2026, up 5% year on year.
Exports rose 32% to 2.43 lakh units, while domestic sales fell 9% to 2.94 lakh.
Two-wheeler sales increased 5%, but domestic two-wheeler sales declined 12%.
September sales growth missed market expectations of approximately 11-12%.
Bajaj Auto shares fell as much as 7.91% to ₹10,000 in early BSE trading.
- Who
- Bajaj Auto and its investors, with analysts assessing the sales figures.
- What
- Bajaj Auto reported 5% year-on-year sales growth for September 2026, but its shares fell sharply.
- Where
- The share movement was reported on the BSE; sales were split between domestic and export markets.
- When
- September 2026; the share decline occurred in early trading on Thursday.
- Why
- Sales growth was below market expectations and was driven mainly by exports, while domestic demand weakened.
Analyst Expectations
Reported Performance
September sales growth
Analyst Expectations
Market estimates had expected overall sales growth of approximately 11-12%, with two-wheeler sales near 4.8 lakh units.
Reported Performance
Bajaj Auto reported overall sales growth of 5%, with two-wheeler sales at 4.51 lakh units.
Domestic versus export demand
Analyst Expectations
The weaker domestic figures raised concerns about demand in the company’s home market.
Reported Performance
Strong export growth helped offset part of the domestic decline, with exports rising 32% overall.
Key facts
- September total sales
- 5,38,443 vehicles, up 5% year on year
- September exports
- 2.43 lakh units, up 32% year on year
- September domestic sales
- 2.94 lakh units, down 9% year on year
- Two-wheeler sales
- 4.51 lakh units, up 5% year on year
- Six-month FY27 sales
- 29.87 lakh units, up 24% year on year
- Early share movement
- Shares fell as much as 7.91% to ₹10,000 on the BSE
Sources
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