BAJAJ-AUTO

Export momentum driving growth

1. EV expansion plans Bajaj Auto is considering setting up a new manufacturing plant outside Maharashtra to expand production of its Chetak electric scooter. This move is part of the company’s strategy to scale up its EV business and meet rising demand for electric two-wheelers. 2. Strong sales growth in 2026 The company reported around 27% year-on-year growth in total sales in February 2026, with strong performance in both domestic and export markets. Total sales were about 4.48 lakh units, driven by higher demand for two-wheelers and commercial vehicles. 3. Export momentum driving growth Commercial vehicle exports have been particularly strong, with large double-digit growth helping overall volumes. International markets like Africa, Latin America and parts of Asia continue to support Bajaj Auto’s growth. 4. EV market position improving In India’s electric two-wheeler segment, Bajaj’s Chetak continues to gain traction and remains among the top-selling electric scooters in the country. 5. Recent stock price movement The stock recently saw short-term volatility and price pressure, with declines of around 3% in some sessions. After hitting a 52-week high above ₹10,000 in February 2026, the share has corrected and is trading below that level.