Bajaj Auto April 2026 sales jump 40% on export surge

Sales update lifts focus on exports

Bajaj Auto reported a strong start to FY2026-27 as April volumes rose sharply on the back of exports. In an exchange filing and company statement dated May 4, the company said total sales for April 2026 increased 40% year-on-year to 513,792 units, compared with 365,810 units in the same month last year. The growth was broad-based across two-wheelers and commercial vehicles, but exports remained the standout driver. Domestic demand also improved, though at a slower pace than overseas shipments. The split between domestic and export volumes underlined how important international markets have become for the company’s monthly performance.

Total volumes: domestic steady, exports surge

Bajaj Auto said overall domestic sales (two-wheelers plus commercial vehicles) rose 13% to 248,210 units in April 2026 from 220,615 units a year earlier. Exports increased 83% to 265,582 units from 145,195 units in April 2025. The export number exceeded domestic volumes for the month, reinforcing the export-led mix described in the filing. The company’s April performance came at a time when domestic demand trends in the auto sector were described as mixed, making the export trajectory a key differentiator in how the market read the update.

Two-wheelers: 38% growth, driven by overseas rebound

In the two-wheeler segment, total sales grew 38% year-on-year to 439,953 units in April 2026. Domestic two-wheeler sales rose 11% to 210,063 units, compared with 188,615 units in April 2025. Exported two-wheelers climbed 78% to 229,890 units from 129,322 units in the year-ago month. The data pointed to a much faster recovery outside India than within the domestic market. It also highlighted Bajaj Auto’s heavy exposure to international two-wheeler demand, where month-to-month swings can materially move overall volumes.

Commercial vehicles: 54% growth, exports up 125%

The commercial vehicle (CV) business reported even faster year-on-year growth. Total CV sales rose 54% to 73,839 units in April 2026 versus 47,873 units in April 2025. Domestic CV volumes increased 19% to 38,147 units. Exports of commercial vehicles jumped 125% to 35,692 units, compared with 15,873 units a year earlier. The commentary in the provided reports noted that the export growth was primarily supported by three-wheelers within the commercial vehicle export mix.

Stock reaction: shares rise in early trade on May 4

Bajaj Auto shares moved higher in morning trade after the April sales update. On the NSE, the stock was quoted at ₹10,407, up ₹413 or 4.13%, and was near its 52-week high of ₹10,477.50. Another exchange data point in the provided text showed that at 10:43 IST the stock traded at ₹10,315.50, up ₹321.50 or 3.22% from the previous close of ₹9,994.00, after opening at ₹10,244.00 and moving between ₹10,225.00 and ₹10,477.50. On the BSE, the stock was cited at ₹10,340.00, up by 342.25 points or 3.42% from ₹9,997.75, after opening at ₹10,151.15 and trading between ₹10,151.15 and ₹10,480.65.

Key numbers snapshot

Why exports mattered in April

The provided reports linked the volume jump to a recovery in overseas markets and improving global demand conditions. Exports were described as broad-based across both two-wheelers and commercial vehicles, and the scale of the uplift meant it dominated the month’s overall growth rate. One section cited improving macroeconomic conditions in key markets such as Nigeria and Sri Lanka, along with favourable currency movements that can influence export-oriented profitability. The same material also noted that domestic growth, while more modest, added stability to the overall mix.

Upcoming triggers: results, potential buyback

The April sales print arrived ahead of a scheduled board meeting. As per the provided text, Bajaj Auto’s board is set to meet on May 6, 2026 to review its March quarter results and discuss a potential share buyback. Market attention has therefore been split between the near-term volume trajectory and the company’s capital allocation signals. Separately, one line in the provided material also stated that the company’s fourth-quarter net profit jumped 30% to ₹1,401 crore from ₹1,081 crore a year earlier, though further revenue details were not included in the text.

What investors are watching next

With the stock trading close to its yearly highs, the next set of data points will matter for sentiment. The provided reports pointed to evolving global demand conditions and currency movements as factors that typically influence export-focused auto companies. Another section cited analyst commentary as generally positive, noting that most recommendations were ‘Buy’ and that average price targets were reported between ₹10,124 and ₹10,352. For the broader auto pack, the provided text also noted that auto and auto ancillary shares gained on April sales updates, with Bajaj Auto rising alongside other large names.

Conclusion

Bajaj Auto’s April 2026 sales update showed a clear export-led lift, with total volumes up 40% to 513,792 units and exports rising 83% year-on-year. Domestic volumes grew at a steadier 13%, supporting the overall base while overseas demand delivered the bulk of incremental growth. The market reacted positively on May 4 with the stock moving higher across both NSE and BSE quotes cited in the reports. The next near-term milestone is the May 6 board meeting for March quarter results and a discussion on a potential share buyback.