Bajaj Auto stock slips 2% on weak December sales data

Bajaj Auto shares rose close to 30 percent in 2024.

Shares of Bajaj Auto fell as much as 2 percent in opening trade on the first trading day of 2025 as the company's sales data for December left investors disappointed. The two-wheeler company's total sales for the month fell one percent on year to 3.23 lakh units as against 3.26 lakh units in the same month of the previous fiscal. Not just that, the auto sales for December also came well below the Street's expected 3.55 lakh units, further dragging sentiment.

Domestic sales also took a hit and slipped 15 percent to 1.62 lakh units in December, down from 1.90 lakh units in the year ago period.

At 09.29 am, shares of Bajaj Auto were trading at Rs 8,652 on the NSE.

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The sluggish sales data last year has dragged Bajaj Auto's shares close to 30 percent during the April-August period, making it amongst the worst hit auto stocks. Analysts at Emkay Institutional Equities however, believe the steep correction is unwarranted.

It sees the outlook improving for exports, with a sharp recovery underway, even as demand in the domestic market falters. Macro challenges in highly under-penetrated key African markets like Nigeria are now largely behind while Latin America is seeing sustained growth, Emkay said.