Archive · 1 Oct 2026
Bajaj Auto Shares Fall Despite September Sales Growth
Bajaj Auto sold more vehicles in September 2026 than it did in September last year.
Its total sales grew by 5%.
Most of this growth came from selling vehicles in other countries.
Sales in the domestic market fell by 9%.
Domestic sales of two-wheelers dropped by 12%.
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.
Sales during the first six months of FY27 were stronger, rising by 24%.
Bajaj Auto sold 5,38,443 vehicles in September 2026, up 5% year on year.
Exports rose 32% to 2,43,987 units, while domestic sales fell 9% to 2,94,456 units.
Two-wheeler sales increased 5%, but domestic two-wheeler sales declined 12%.
September sales growth was below market expectations of approximately 11-12%.
Bajaj Auto shares fell nearly 8% in early trading, reaching ₹10,000 on the BSE.
- Who
- Bajaj Auto, its investors, and analysts assessing the company’s sales performance.
- What
- Bajaj Auto reported 5% year-on-year sales growth for September 2026, while its shares fell sharply.
- When
- September 2026; the share decline occurred during trading on Thursday.
- Where
- The share decline was reported on the BSE, while the sales figures covered domestic and export markets.
- Why
- September growth was below expectations, and strong exports did not fully offset weaker domestic demand.
Market Expectations
Reported Results
September growth
Market Expectations
Analysts expected overall sales growth of approximately 11-12% and two-wheeler sales of around 4.8 lakh units.
Reported Results
Bajaj Auto reported overall sales growth of 5%, with two-wheeler sales of 4,51,494 units.
Domestic and export demand
Market Expectations
The decline in domestic sales raised concerns about weaker demand in the company’s home market.
Reported Results
Exports increased strongly—32% overall and 34% for two-wheelers—helping offset part of the domestic decline.
- September total sales
- 5,38,443 vehicles, up 5% year on year
- September exports
- 2,43,987 units, up 32% year on year
- September domestic sales
- 2,94,456 units, down 9% year on year
- September two-wheeler sales
- 4,51,494 units, up 5% year on year
- Domestic two-wheeler sales
- 2,39,771 units, down 12% year on year
- April-September FY27 sales
- 29,87,135 units, up 24% year on year
- Share movement
- Shares fell nearly 8%, reaching ₹10,000 in early BSE trading
