June Auto Sales: Bajaj Auto misses estimates, domestic business declines 13%
Published on 01/07/2025 09:48 AM
June Auto Sales: Bajaj Auto misses estimates, domestic business declines 13%Of the 45 analysts that have coverage on Bajaj Auto, 23 have a "buy" rating, 15 have a "hold" rating and seven have a "sell" rating.By Shloka Badkar July 1, 2025, 9:48:13 AM IST (Published)2 Min ReadBajaj Auto Ltd. reported a 1% increase in its total sales for the month of June to 3.6 lakh units, compared to the 3.58 lakh units it sold during June last year. The figure was also lower than the CNBC-TV18 poll estimates of 3.79 lakh units.
The company's domestic sales declined by 13% in June, compared to the same month last year to 1.88 lakh units, compared to 2.16 lakh units sold in June last year.
On the flip side, exports increased to 1.72 lakh units in June, compared to 1.42 lakh units exported during the base month.
Within exports, commercial vehicles saw a growth of 49% year-on-year to 23,179 units, from 15,587 units last year.
Brokerage firm Kotak Institutional Equities has a "sell" rating on Bajaj Auto with a price target of 7,250 per share.
It listed the following takeaways from the Bajaj Auto management meet:
The management has forecast the domestic motorcycle segment volumes to grow between 5% - 7% in the current financial year, when compared to last year, with a pick-up expected during the festive period.
The company has planned multiple launches in the domestic two-wheeler market to address underperformance.
The mandatory anti-lock braking system (ABS) regulation will further impact entry-level segment.
Exports will continue to see healthy double-digit growth from the previous year.
Rare earth material shortage is likely to impact production of electric vehicles from July.
Domestic three-wheeler segment to grow in low-single digits in financial year 2026 from the previous year.
Multiple headwinds for margins in the form of commodities, regulation and currency expected in the first quarter of financial year 2026.
Of the 45 analysts that have coverage on the stock, 23 have a "buy" rating, 15 have a "hold" rating and seven have a "sell" rating.
Shares of Bajaj Auto were down 0.24% at ₹8,356 apiece at 9.30 am Monday, July 1. The stock has declined 4.4% this year, so far.
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