Bajaj Auto September 2026 sales stood at 5,38,443 vehicles, up 5% year-on-year (YoY) from 5,10,504 units in September 2025. The growth was supported mainly by exports, while domestic sales remained under pressure.
Domestic sales declined 9% YoY to 2,94,456 units, largely because domestic two-wheeler sales fell 12%. In contrast, exports increased 32% to 2,43,987 units, helping Bajaj Auto maintain positive overall sales growth during the month.
The broader H1 FY2027 performance remains stronger. Bajaj Auto sold 29,87,135 vehicles during April to September 2026, up 24% YoY. Exports increased 47%, while domestic sales grew 7%.
For investors, the main areas to track are the recovery in domestic two-wheeler sales, sustainability of export growth, commercial vehicle performance, electric vehicle economics and whether higher volumes continue to support revenue and profits.
Table of Contents
- Bajaj Auto September 2026 Sales Highlights
- September 2026 Sales Breakdown
- Bajaj Auto Two-Wheeler Sales
- Commercial Vehicle Sales Performance
- Domestic Sales vs Exports
- September 2026 vs August 2026 Sales
- Bajaj Auto H1 FY2027 Sales
- Exports Remain the Main Growth Driver
- Domestic Two-Wheeler Sales Need Monitoring
- Why Export Growth Matters for Bajaj Auto
- Commercial Vehicles Continue to Support Growth
- Bajaj Auto FY2026 Sales Performance
- Financial Performance and Margin Position
- Bajaj Auto's Electric Vehicle Business
- Key Growth Drivers
- Key Risks for Investors
- Key Factors to Monitor in FY2027
- Bajaj Auto September 2026 Sales: Investor Takeaway
Bajaj Auto reported positive overall sales growth in September 2026, but the performance was uneven across domestic and international markets.
| Metric |
September 2026 (YoY Change) |
| Total sales |
5,38,443 (+5%) |
| Domestic sales |
2,94,456 (-9%) |
| Exports |
2,43,987 (+32%) |
| Two-wheeler sales |
4,51,494 (+5%) |
| Commercial vehicle sales |
86,949 (+9%) |
Source: Bajaj Auto September 2026 sales disclosure.
The key point from the Bajaj Auto September 2026 sales report is that strong exports offset the decline in domestic sales.
Total sales remained positive, but domestic two-wheeler performance is an important area to monitor.
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Bajaj Auto sold 5,38,443 vehicles in September 2026, including 4,51,494 two-wheelers and 86,949 commercial vehicles.
Two-wheelers remained the largest contributor to total volumes, while commercial vehicles recorded growth in both domestic and export markets.
Two-Wheeler Sales
September 2026 sales
| Particulars |
September 2026 |
| Domestic |
2,39,771 |
| Exports |
2,11,723 |
| Total |
4,51,494 |
September 2025 sales
| Particulars |
September 2025 |
| Domestic |
2,73,188 |
| Exports |
1,57,665 |
| Total |
4,30,853 |
Domestic two-wheeler sales declined 12% YoY, while exports increased 34%.
This helped total two-wheeler sales grow 5% YoY.
Commercial Vehicle Sales
September 2026 sales
| Particulars |
September 2026 |
| Domestic |
54,685 |
| Exports |
32,264 |
| Total |
86,949 |
September 2025 sales
| Particulars |
September 2025 |
| Domestic |
52,064 |
| Exports |
27,587 |
| Total |
79,651 |
Domestic commercial vehicle sales rose 5%, while exports increased 17%.
Total commercial vehicle sales grew 9% YoY.
Overall Sales
September 2026 sales
| Particulars |
September 2026 |
| Domestic |
2,94,456 |
| Exports |
2,43,987 |
| Total |
5,38,443 |
September 2025 sales
| Particulars |
September 2025 |
| Domestic |
3,25,252 |
| Exports |
1,85,252 |
| Total |
5,10,504 |
Overall domestic sales declined 9%, while exports increased 32%.
This difference between domestic and export performance is the main feature of Bajaj Auto's September sales numbers.
Two-wheelers accounted for approximately 84% of Bajaj Auto's total September 2026 sales.
Total two-wheeler sales increased from 4,30,853 units in September 2025 to 4,51,494 units in September 2026, representing 5% growth.
However, domestic and export sales moved in opposite directions.
Domestic Two-Wheeler Sales Fall 12%
Bajaj Auto's domestic two-wheeler sales declined from 2,73,188 units in September 2025 to 2,39,771 units in September 2026.
This represents a decline of 33,417 vehicles.
The fall is important because domestic motorcycles remain a major part of Bajaj Auto's business.
However, September should not be viewed in isolation. For the full April to September 2026 period, Bajaj Auto's domestic two-wheeler sales were still 6% higher YoY.
This means the September decline has not yet resulted in weaker domestic two-wheeler sales for H1 FY2027 as a whole.
Two-Wheeler Exports Rise 34%
Bajaj Auto exported 2,11,723 two-wheelers in September 2026, compared with 1,57,665 units in September 2025.
This represents an increase of 54,058 vehicles, or 34%.
The increase in exports was larger than the decline in domestic sales, allowing total two-wheeler volumes to remain in growth territory.
Want to assess Bajaj Auto alongside other companies in the same industry? Compare the performance of Automobile Two & Three Wheelers sector stocks and their key valuation indicators.
Bajaj Auto's commercial vehicle business recorded a more balanced performance during September 2026.
Total commercial vehicle sales increased 9% YoY to 86,949 units.
Domestic commercial vehicle sales rose from 52,064 units to 54,685 units, while exports increased from 27,587 units to 32,264 units.
Unlike the two-wheeler business, commercial vehicles recorded growth in both domestic and international markets.
The segment has also expanded over the longer term. Commercial vehicle sales increased from 6,68,657 units in FY2025 to 8,00,817 units in FY2026.
This provides Bajaj Auto with an additional source of growth beyond domestic motorcycles.
The difference between domestic and export sales is central to understanding Bajaj Auto's September 2026 sales performance.
Domestic sales declined by 30,796 units YoY, from 3,25,252 units to 2,94,456 units.
Exports increased by 58,735 units, from 1,85,252 units to 2,43,987 units.
| September 2026 |
Sales |
| Domestic |
2,94,456 |
| Exports |
2,43,987 |
| Total |
5,38,443 |
Exports accounted for around 45% of total September 2026 sales.
Bajaj Auto already has a large international business. The company exported 22,50,183 vehicles in FY2026, compared with 18,63,281 vehicles in FY2025.
The company also states that it is India's largest motorcycle exporter and has sold vehicles across more than 100 countries.
A month-on-month comparison provides additional context to Bajaj Auto's September performance.
The company sold 5,35,764 vehicles in August 2026, compared with 5,38,443 units in September.
This represents growth of around 0.5% month-on-month.
August 2026 Sales
| Category |
Sales |
| Total sales |
5,35,764 |
| Two-wheelers |
4,43,748 |
| Commercial vehicles |
92,016 |
September 2026 Sales
| Category |
Sales |
| Total sales |
5,38,443 |
| Two-wheelers |
4,51,494 |
| Commercial vehicles |
86,949 |
Two-wheeler volumes increased around 1.7% from August, while commercial vehicle volumes declined around 5.5%.
August had been particularly strong for exports, while September saw domestic volumes improve sequentially even though they remained below September 2025 levels.
The YoY decline in domestic two-wheelers should therefore be considered alongside the month-on-month movement and the broader H1 trend.
Want to understand the previous month’s sales trend in greater detail? Also read the Bajaj Auto August 2026 Sales Analysis to compare export growth, domestic volumes and overall sales performance.
The April to September period provides a broader view of Bajaj Auto's performance.
The company sold 29,87,135 vehicles during H1 FY2027, compared with 24,05,357 units in the corresponding period last year.
This represents 24% YoY growth.
H1 FY2027 Two-Wheeler Sales
| Particulars |
Apr-Sep 2026 (YoY Change) |
| Domestic |
11,93,963 (+6%) |
| Exports |
13,12,550 (+47%) |
| Total |
25,06,513 (+24%) |
Domestic two-wheeler sales increased 6% during H1.
Exports grew much faster at 47%, taking total two-wheeler growth to 24%.
H1 FY2027 Commercial Vehicle Sales
| Particulars |
Apr-Sep 2026 (YoY Change) |
| Domestic |
2,82,471 (+13%) |
| Exports |
1,98,151 (+44%) |
| Total |
4,80,622 (+24%) |
Commercial vehicle sales also increased 24% during H1 FY2027.
Domestic volumes rose 13%, while exports increased 44%.
H1 FY2027 Overall Sales
| Particulars |
Apr-Sep 2026 (YoY Change) |
| Domestic |
14,76,434 (+7%) |
| Exports |
15,10,701 (+47%) |
| Total |
29,87,135 (+24%) |
Source: Bajaj Auto September 2026 sales disclosure.
The H1 numbers provide useful context to September's domestic weakness.
Domestic sales were still 7% higher YoY for the full six-month period, while total sales increased 24%.
Bajaj Auto's H1 numbers show that exports are currently the biggest contributor to sales growth.
Exports increased from 10,29,756 units in H1 FY2026 to 15,10,701 units in H1 FY2027.
This represents an increase of 4,80,945 vehicles.
Domestic sales increased by 1,00,833 vehicles during the same period.
This means more than four-fifths of Bajaj Auto's additional H1 sales came from international markets.
Exports also accounted for around 50.6% of total H1 FY2027 sales, slightly higher than domestic sales.
A large export business reduces dependence on India alone, but it also increases Bajaj Auto's exposure to overseas demand, currency movements and competition in international markets.
The 12% decline in domestic two-wheeler sales is the main concern in Bajaj Auto's September 2026 sales numbers.
However, the company's monthly sales disclosure does not specify the exact reason for the decline.
Several factors may be relevant, including:
-
temporary monthly changes;
-
wholesale dispatches around the festive period;
-
changes in domestic demand; and
-
changes in market share.
The available data does not establish which factor was responsible.
One month is therefore not enough to confirm a longer-term slowdown.
The next few months of domestic motorcycle sales will be important in determining whether September was a temporary decline or part of a broader trend.
Bajaj Auto already has a significant international business.
The company exported 22.50 lakh vehicles in FY2026, compared with 18.63 lakh vehicles in FY2025.
Its FY2026 disclosures showed:
-
two-wheeler exports increased 17.5%;
-
commercial vehicle exports grew 49.2%;
-
East Africa and South Asia recorded strong growth;
-
Pulsar and CT delivered strong export performance; and
-
Bajaj Auto maintained strong positions across several international markets.
H1 FY2027 exports have now increased another 47% YoY.
This makes export growth an important factor in Bajaj Auto's FY2027 sales performance.
Strong international demand can support overall volumes during periods of domestic weakness. However, because exports now account for a large share of total sales, weaker overseas demand could also affect overall growth.
Commercial vehicles are becoming an increasingly important part of Bajaj Auto's business.
The company sold 8,00,817 commercial vehicles in FY2026, up nearly 20% from 6,68,657 units in FY2025.
During H1 FY2027, commercial vehicle sales increased another 24% to 4,80,622 units.
September performance also remained positive:
Bajaj Auto's expansion in electric three-wheelers also adds another growth area within this business.
The company stated in its FY2026 Annual Report that it maintained leadership in the ICE three-wheeler category while rapidly expanding electric three-wheelers and ending FY2026 as the No. 1 player in the electric segment.
Bajaj Auto entered FY2027 after reporting its highest-ever annual vehicle volumes in FY2026.
The company sold 51,17,667 vehicles in FY2026, compared with 46,50,966 units in FY2025.
| FY2026 sales |
Units |
| Two-wheelers |
43,16,850 |
| Commercial vehicles |
8,00,817 |
| Total |
51,17,667 |
| Exports |
22,50,183 |
This provides useful context for the current growth.
Bajaj Auto's H1 FY2027 sales increase is coming on top of an already high FY2026 base.
Vehicle sales are important, but investors also need to assess whether higher volumes are translating into revenue and profits.
Bajaj Auto reported record standalone financial performance in FY2026.
| Financial metric |
FY2026 |
| Revenue from operations |
₹58,732 crore |
| EBITDA |
₹12,019 crore |
| EBITDA margin |
20.5% |
| Profit after tax |
₹9,825 crore |
Revenue from operations increased 17% YoY, while EBITDA grew 19%.
Profit after tax increased 21% to ₹9,825 crore.
The EBITDA margin improved by 30 basis points to 20.5%.
The company attributed its margin performance to favourable currency realisations, product mix and operating leverage. These factors helped offset the lower-margin nature of the electric two-wheeler business and investments for future growth.
For investors, this is relevant to Bajaj Auto's current export-led growth.
Higher export volumes can support revenue, but the final impact on profitability also depends on pricing, product mix, currency movements, and the markets where vehicles are sold.
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Check the Bajaj Auto share price along with its latest charts and key valuation ratios to assess how the stock has responded to the company’s sales and financial performance.
Electric vehicles are becoming financially important for Bajaj Auto, even though the monthly sales disclosure does not separately report Chetak electric scooter volumes.
As a result, the monthly release alone cannot identify Chetak's exact September 2026 performance.
However, Bajaj Auto reported that its EV portfolio generated more than ₹8,000 crore of revenue in FY2026, representing over 20% of domestic sales.
Chetak alone generated more than ₹4,000 crore of revenue during the year.
EV growth therefore matters not only for sales volumes but also for Bajaj Auto's revenue mix and margins.
The company has also stated that electric two-wheelers can have a margin-dilutive effect, which means EV growth needs to be assessed together with profitability.
Several factors continue to support Bajaj Auto's overall performance.
1. Strong export growth: Exports increased 32% in September and 47% during H1 FY2027.
2. Healthy H1 sales growth: Total H1 FY2027 sales increased 24% YoY.
3. Commercial vehicle expansion: Commercial vehicle volumes increased 24% during H1.
4. International presence: Exports accounted for around 50.6% of total H1 FY2027 sales.
5. Strong FY2026 financial base: Bajaj Auto entered FY2027 after reporting record revenue, EBITDA and profit.
6. EV and premium businesses: Chetak, electric three-wheelers, Pulsar and Bajaj Auto's premium motorcycle portfolio provide additional areas of growth.
Bajaj Auto's H1 sales growth remains strong, but several risks require monitoring.
1. Domestic Motorcycle Weakness
Domestic two-wheeler sales declined 12% in September.
One month does not establish a long-term trend, but continued weakness would become more important.
2. Dependence on Export Growth
H1 exports increased 47%, compared with 7% growth in domestic sales.
Because exports are providing most of the additional volumes, weaker international demand could slow total sales growth.
3. Currency Movements
Bajaj Auto's large export business creates exposure to exchange-rate movements.
Currency realisations supported FY2026 margins, but foreign exchange movements can also affect revenue and profitability.
4. Competitive Pressure
Bajaj Auto operates across competitive motorcycle, scooter, commercial vehicle and electric vehicle markets.
Competition can affect sales volumes, pricing and product mix.
5. EV Profitability
Electric vehicles are becoming a larger part of Bajaj Auto's business.
However, the company has stated that electric two-wheelers can be margin dilutive.
6. KTM Turnaround
Bajaj Auto acquired control of KTM-related businesses during FY2026.
According to the company's Annual Report, the focus is on product development, portfolio prioritisation, supply-chain improvement and sales execution.
Progress on the KTM turnaround is therefore becoming increasingly relevant to Bajaj Auto's wider business performance.
Bajaj Auto's September sales should be assessed by looking at the quality and source of growth, rather than only the 5% increase in total volumes.
The main factors to monitor are:
- domestic motorcycle sales;
- festive-season retail demand;
- export growth;
- Pulsar and premium motorcycle performance;
- commercial vehicle sales;
- Chetak and electric three-wheeler volumes;
- pricing and product mix;
- EBITDA margin;
- foreign exchange benefits;
- KTM turnaround progress; and
- the impact of H1 volume growth on revenue and profits.
The main issue at present is the contrast between weaker domestic two-wheeler sales and strong export growth.
A recovery in domestic motorcycles alongside healthy exports would create a more balanced sales mix.
If export growth slows before domestic motorcycle sales improve, overall sales growth could moderate.
Bajaj Auto's September 2026 sales remained positive at the overall level, but the composition of growth was uneven.
Total sales increased 5% YoY to 5,38,443 units, while domestic sales declined 9%.
Domestic two-wheeler sales fell 12%, making this the main weak point in the monthly numbers.
Exports provided the strongest support, increasing 32% to 2,43,987 units, while commercial vehicle sales grew 9%.
The H1 FY2027 picture remains stronger. Total sales increased 24% to 29,87,135 units, with exports up 47% and domestic sales up 7%.
For investors, the key areas to monitor are the recovery in domestic motorcycles, sustainability of export growth, commercial vehicle performance, EV profitability, margins and the progress of the KTM turnaround.
Bajaj Auto's overall sales remain strong at the H1 level, but the balance between domestic and international growth will be important through the remainder of FY2027.
FAQs on Bajaj Auto Sales September 2026
1. How many vehicles did Bajaj Auto sell in September 2026?
Bajaj Auto sold 5,38,443 vehicles in September 2026, up 5% YoY from 5,10,504 units in September 2025.
2. Why did Bajaj Auto's September 2026 sales increase despite lower domestic sales?
Bajaj Auto's overall sales increased because exports grew 32% YoY to 2,43,987 units, which offset the 9% decline in domestic sales. Two-wheeler exports alone increased 34%.
3. What were Bajaj Auto's domestic two-wheeler sales in September 2026?
Bajaj Auto sold 2,39,771 domestic two-wheelers in September 2026, down 12% YoY from 2,73,188 units in September 2025.
4. What were Bajaj Auto's H1 FY2027 sales?
Bajaj Auto sold 29,87,135 vehicles during April to September 2026, representing 24% YoY growth. Domestic sales increased 7%, while exports grew 47%.
5. What should investors monitor after Bajaj Auto's September 2026 sales report?
Investors should monitor domestic motorcycle sales, export growth, commercial vehicle performance, EV profitability, margins and KTM turnaround progress. The main near-term factor is whether domestic two-wheeler sales recover while exports remain strong.