The shares of Bajaj Auto dropped nearly 3 percent to hit a fresh 52-week low of Rs 7,683 apiece on March 3. This comes after the company reported a 14 percent fall in domestic 2-wheeler sales in the month of February. Bajaj Finserv, which offers financing schemes on Bajaj Auto vehicles, also saw strong selling pressure, falling over 2 percent to trade at Rs 1,831 apiece.
In an exchange filing, Bajaj Auto said it sold 1.46 lakh 2-wheelers in India in February 2025. This marks a fall of 14 percent from the 1.71 lakh 2-wheelers it sold in February 2024. The company's 2-wheeler exports however jumped 23 percent on-year to 1.53 lakh units during the month.
In the segment of commercial vehicles, Bajaj Auto recorded a rise of 3 percent in domestic sales, while exports fell 2 percent.
Overall, the company's total domestic sales dropped 11 percent to 1.83 lakh units, while exports surged 21 percent to 1.69 lakh units.
Bajaj Auto shares are currently the top loser on the BSE Auto index.
Meanwhile, the company's peer Hero MotoCorp also saw a strong decline in its share price on March 3. Hero MotoCorp shares fell nearly 2 percent to trade at Rs 3,630 apiece. This comes after the automaker announced that it sold 3.88 lakh units (including domestic and foreign sales) in February 2025. This marks a fall of over 17 percent from the 4.68 lakh sales it had recorded in February 2024. Hero MotoCorp's domestic sales tumbled 20 percent on-year to 3.57 units.
EV-maker Ola Electric meanwhile announced on February 28 that it has sold over 25,000 units in February so far, backed by a strong S1 portfolio and sales-and-service network of 4,000 stores across the country. In its press release, the company further said that it has captured a market share of over 28 percent in the EV 2-wheeler segment.
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