Bajaj Auto shares slide 6.5% as domestic two-wheeler sales disappoint in September

Bajaj Auto Limited's shares plummeted by 6.52 percent on Thursday, reaching ₹10,165 on the NSE by 1 pm. The decline came after the company disclosed a 12 percent drop in domestic two-wheeler sales for September 2026 in a filing to stock exchanges. The stock opened at ₹10,701, below its previous close of ₹10,874, and reached an intraday low of ₹9,900, near its lower circuit band of ₹9,787.

Heavy selling pressure was evident, with sell orders making up 52 percent of total order quantity compared to 47.99 percent on the buy side. Domestic two-wheeler volumes dropped to 2,39,771 units in September 2026, a 9 percent decline year-on-year, while total domestic volumes across categories fell 9 percent to 2,94,456 units. However, exports proved a glimmer of hope, with two-wheeler exports surging 34 percent to 2,11,723 units and commercial vehicle exports rising 17 percent to 32,264 units.

Overall exports increased by 32 percent to 2,43,987 units, mitigating the overall volume decline. Total dispatches grew 5 percent to 5,38,443 units. Over the past month, Bajaj Auto's stock has fallen approximately 17.78 percent, trailing the Nifty 50, which has slipped around 7.16 percent during the same period. The stock trades at a P/E ratio of 25.87 and has a market capitalization of approximately ₹2.79 lakh crore. Its 52-week high was ₹12,470, reached just a month ago.