Bajaj Auto shares tank 5%, hit 52-week low as February sales concern investors

Bajaj Auto shares have crashed 18 percent in the last month.

Shares of Bajaj Auto tumbled as much as 5 percent to hit a new 52-week low of Rs 7,324 on March 04 as investors continued to sell the counter following its subdued sales performance in February 2025.

According to Bajaj Auto's regulatory filing, the two-wheeler major reported a modest 2 percent year-on-year increase in total sales, with volumes rising to 3,52,071 units from 3,46,662 units a year ago.

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Two-wheeler sales saw only a marginal uptick at 2,99,418 units compared to 2,94,684 units in February 2024. The increase was largely driven by a 23 percent surge in exports to 1,53,280 units, even as domestic sales fell 14 percent to 1,46,138 units, reflecting weak consumer demand.

The commercial vehicle segment posted a muted 1 percent growth, with sales at 52,653 units. Domestic sales in this category improved by 3 percent to 37,277 units, but exports slipped 2 percent to 15,376 units.

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Despite the slow February numbers, Bajaj Auto has maintained steady growth for the fiscal year so far. Between April 2024 and February 2025, total sales rose 7 percent to 42,81,143 units, compared to 39,85,029 units in the same period last year.

Rakesh Sharma, Executive Director at Bajaj Auto, acknowledged that demand for two-wheelers remained weak across the industry, as consumers continued to delay purchases. However, he expressed optimism that the market would pick up in the coming months, with industry-wide growth of 6-8 percent expected over the next four to five months. He noted that Latin America had become the world's largest market for motorcycles, though currency volatility remained a concern. Stability in Africa was helping global sales recover, while demand in Asia was also expected to return.

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The company reported a 3.3 percent year-on-year rise in net profit to Rs 2,108.7 crore for the third quarter ended December 31, 2024, slightly below market expectations. In the same period last year, the company posted a net profit of Rs 2,042 crore.

Revenue from operations grew 5.7 percent to Rs 12,807 crore, up from Rs 12,114 crore in the year-ago quarter, driven by strong exports, a thriving domestic green energy portfolio, and yet another record performance in the spares segment.

At about 2:40 pm, shares of the company were trading at Rs 7,351, lower by 4.7 percent from the last close on the NSE. Bajaj Auto shares have crashed 18 percent in the last month.