Bajaj Auto shares fell about 7.5% after weak September auto sales numbers, with domestic two-wheeler sales missing estimates

Thu 1 Oct 2026

Stock decline today

7.5 percent

September overall sales growth

5 percent

Domestic two wheeler sales

4.51 lakh units

Estimated domestic two wheeler sales

4.8 lakh units

Domestic two wheeler growth

-9 percent

Heard on business television between 14:39:25 - 14:42:25 IST.

• Bajaj Auto stock fell 7.5%, its biggest move in a long time, after September sales data triggered a broader attack on the auto space.
• Overall sales were up 5% in September but missed estimates; domestic two-wheeler sales came in at 4.51 lakh units versus an estimate of 4.8 lakh units, down 9% domestically even as exports grew 30-40%.
• Company's market cap eroded by almost 19,000 crore rupees.
• Management told the channel they lost 40,000 units versus estimates due to supply chain issues linked to the Israel-Iran war, plus 15,000 units lost to logistics issues and 15-20,000 units of Chetak production impacted by supply chain and logistics problems; Pulsar inventory was written down in August-September.
• H1 FY27 (April-September) showed 47% export growth versus just 6% domestic growth, underperforming peers despite recent product launches; exports expected to remain strong with new Pulsar launches, with festive season being watched closely.

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