India's Bajaj Auto on track for biggest weekly drop in six months on sales decline

Bajaj Auto

01/10/2026 08:44

** Shares of India's Bajaj Auto BAJA.NS fall 9.34% to 10,164 rupees, on course for biggest weekly drop in six months 
** Co's September sales fell 9% y/y, with domestic two-wheeler sales dropping 12%
** Rural demand for vehicles will likely face multiple headwinds of below-normal monsoon, El Niño, and product price increases, Nomura says
** 25 of 37 brokerages rate the stock "buy" or higher, 6 "hold" and 4 "sell" or lower; their median PT is 11,700 rupees - LSEG-compiled data
** YTD, Bajaj up 16% vs Nifty Auto Index .NIFTYAUTO fall of 10.55%

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))