Synopsis: A two-wheeler and commercial vehicle giant posts a blockbuster month, with overseas shipments nearly doubling and one segment delivering a triple-digit leap.
When a company’s export numbers nearly double in a single month, it’s hard to ignore. Add a triple-digit surge in one of its key segments, and the story gets even more compelling. India’s largest exporter of two-wheelers and three-wheelers just dropped its April 2026 sales data – and the numbers are turning heads across Dalal Street.
With a market cap of Rs. 2,82,424 Crore, the shares of Bajaj Auto Ltd. are trading at a price of Rs. 10,164 per share i.e. 1.17% up from its previous closing price of Rs. 10.048 . It currently trades at P/E of 31.6.
A Month the Numbers Will Remember
Bajaj Auto’s total sales for April 2026 came in at 5,13,792 units, a sharp 40% jump from 3,65,810 units in April 2025. That headline number alone is impressive, but the real story lies beneath the surface – in the exports column and inside the commercial vehicle segment.
On the exports front, the company dispatched 2,65,582 units overseas during April 2026, compared to 1,45,195 units in the same month last year – a staggering 83% year-on-year rise. This makes Bajaj Auto one of the most export-driven stories in the Indian automobile space right now, with international shipments actually outpacing domestic volumes for the month.
Commercial Vehicles Steal the Show
If there’s one number that demands attention, it’s the commercial vehicle export figure. Bajaj Auto shipped 35,692 commercial vehicles (three-wheelers and allied cargo vehicles) to international markets in April 2026, compared to just 15,873 units in April 2025 – a jump of 125%. This is a segment where global demand for affordable last-mile mobility solutions is clearly accelerating, and Bajaj appears to be capitalising on that opportunity in a big way.
On the domestic side too, commercial vehicle sales grew a healthy 19%, from 32,000 units to 38,147 units. Combined, the commercial vehicle segment clocked 73,839 units in April 2026 versus 47,873 units a year ago – a 54% overall jump.
Two-Wheelers Hold Their Ground
The two-wheeler segment also delivered a solid performance. Total volumes rose 38% year-on-year to 4,39,953 units. Domestic two-wheeler sales grew 11% to 2,10,063 units, while exports surged 78% to 2,29,890 units. The export momentum in this segment, too, reflects strong demand from international markets – particularly in Africa and South Asia, where Bajaj’s brands have a deep footprint.
About the Company
Bajaj Auto Limited is one of India’s leading two- and three-wheeler manufacturers, known for iconic brands like Pulsar, Platina, and RE. The company has a strong global footprint, exporting to over 70 countries, with exports contributing a significant share of revenue. It is also expanding in the EV space with its electric scooter, Chetak, reflecting its shift toward sustainable mobility and future-ready innovation.
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