Bajaj Auto stock falls 2.28 percent as exports drive August sales

Published on 09/28/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bajaj Auto stock posted Q1 FY2027 revenue of INR 172.44 billion versus INR 170.15 billion forecast. August sales rose 28 percent to 535,764 vehicles, led by exports.

Bajaj Auto, INE917I01010, Illustration mit AI erstellt.

Bajaj Auto stock (ISIN INE917I01010) was last at INR 11,024.00 on the NSE on September 28, 2026 at 3:14 p.m. IST, down 2.28 percent from the prior close. The immediate operating backdrop is stronger: August vehicle sales rose 28 percent year over year to 535,764 units, according to Business Standard on September 1, 2026.

August exports lead the recovery

The sales comparison is substantial: Bajaj Auto sold 417,616 vehicles in August 2025, versus 535,764 in August 2026. Exports increased 51 percent to 280,056 units, while domestic sales rose 10 percent to 255,708 units, according to Business Standard.

Two-wheelers supplied the larger part of the increase, with sales up 30 percent to 443,748 units in August 2026. Commercial vehicle sales rose 22 percent to 92,016 units, giving the monthly result breadth across both major product categories.

Q1 revenue beats the forecast

Bajaj Auto also entered the September quarter with a quantified earnings base. In Q1 FY2027, revenue was INR 172.44 billion against a forecast of INR 170.15 billion, while earnings per share reached INR 106.80 versus INR 97.98, according to Investing.com in its July 21, 2026 earnings data.

The forecast comparison points to execution rather than sales volume alone. Revenue exceeded the cited estimate by INR 2.29 billion, and reported EPS was INR 8.82 above forecast, giving investors two measurable indicators behind the August operating momentum.

Stock remains below the yearly high

The NSE quote stood at INR 11,024.00 on September 28, 2026, against a 52-week range of INR 8,491.50 to INR 12,470.00. Market capitalization was INR 3.1 trillion and volume was 241,320 shares on the same session.

Analyst dispersion remains visible. Business Standard reported on September 1, 2026 that Anand Rathi maintained a Buy rating and raised its target price to INR 12,800.00, while export growth and new product execution remained central to the assessment.