Bajaj Auto shares experienced a decline of 3% to ₹9,311.00 on January 2, 2026, as investors reacted to the company's December sales performance. Despite strong export numbers and overall sales growth, the modest increase in domestic two-wheeler sales appears to have weighed on investor sentiment.

December Sales Performance

The two-wheeler manufacturer reported mixed results for December, with total vehicle sales demonstrating strong growth while domestic two-wheeler sales showed modest improvement. The company's performance across different segments varied significantly, highlighting the diverse nature of its business operations.

Strong Export Performance Drives Growth

The company's export performance emerged as a key highlight, with two-wheeler exports registering a robust 24% increase to 1.78 lakh units compared to 1.43 lakh units in December of the previous year. Commercial vehicle exports performed even better, recording a 32% surge to 22,311 vehicles, significantly outpacing domestic commercial vehicle sales growth of 9%.

Q2 FY26 Financial Highlights

Bajaj Auto's quarterly financial performance demonstrated strong momentum across key metrics. The company achieved record-breaking revenue levels while maintaining healthy profit margins.

Quarterly Sales Trends

The Q2 FY26 results revealed contrasting trends between domestic and export markets. While domestic two-wheeler sales declined 6% YoY to 5,96,576 units from 6,36,801 units, they showed sequential improvement with 13% QoQ growth from 5,29,344 units. Commercial vehicle sales in Q2 grew 3% YoY to 1,44,217 units compared to 1,39,910 units in the previous year.

Export revenue grew 35% YoY across all regions and vehicle categories, with the company exporting 5,53,327 vehicles in Q2, representing a 24% YoY increase and 16% QoQ growth. This export performance contributed significantly to the company's record revenue from operations, which exceeded ₹15,000.00 crore for the first time, driven by an improved vehicle mix and best-ever spare parts sales.

Bajaj Auto Limited has reported strong sales performance for December 2025, with total sales reaching 3,69,809 units compared to 3,23,125 units in the same month last year, marking a robust 14% year-on-year growth. The company's performance was driven by significant growth in both domestic and export markets across its two-wheeler and commercial vehicle segments.

December 2025 Sales Performance

The company's December 2025 sales data reveals strong momentum across all business segments. Export sales emerged as the primary growth driver, surging 25% to 2,00,436 units from 1,60,705 units in December 2024. Domestic sales also contributed positively, growing 4% to 1,69,373 units compared to 1,62,420 units in the previous year.

Two-Wheeler Segment Shows Solid Growth

The two-wheeler segment demonstrated strong performance with total sales of 3,10,353 units in December 2025, up 14% from 2,72,173 units in December 2024. Export sales in this segment were particularly impressive, growing 24% to 1,78,125 units, while domestic two-wheeler sales increased 3% to 1,32,228 units.

Commercial Vehicle Segment Delivers Strong Results

Bajaj Auto's commercial vehicle segment recorded exceptional growth, with total sales reaching 59,456 units in December 2025, representing a 17% increase from 50,952 units in the previous year. The segment's export performance was outstanding, with sales jumping 32% to 22,311 units, while domestic commercial vehicle sales grew 9% to 37,145 units.

April-December 2025 Cumulative Performance

For the April-December 2025 period, Bajaj Auto achieved total sales of 37,46,609 units, marking a 6% growth over the 35,48,032 units sold in the corresponding period of 2024. The year-to-date performance shows exports as the key growth engine, increasing 19% to 16,39,971 units, while domestic sales declined 3% to 21,06,638 units.

The two-wheeler segment contributed 31,50,161 units during April-December 2025, up 4% from the previous year, while the commercial vehicle segment delivered strong growth of 17% with sales of 5,96,448 units. Export growth in commercial vehicles was particularly remarkable at 53% for the nine-month period.

Market Position and Regulatory Compliance

The sales data was disclosed by Bajaj Auto Limited in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The information was communicated to both BSE Limited and National Stock Exchange of India Limited on January 2, 2026, ensuring transparency and timely disclosure to stakeholders and investors.