Bajaj Auto reports 20% Y-o-Y sales growth in May 2026

Bajaj Auto has recorded a strong start to the new financial year, posting a healthy 20 percent year‑on‑year growth in wholesales for May 2026. The Pune-based manufacturer dispatched 4,61,257 two-wheelers and commercial vehicles last month, compared with 3,84,621 units a year ago, driven by balanced momentum across the domestic market and sharply recovering export demand, particularly in key African markets.

Bajaj’s core two-wheeler portfolio contributed 3,93,204 units in May, an 18% rise over 3,32,370 units in May 2025, while commercial vehicles added 68,053 units with a robust 30 percent jump. Domestic wholesale reached 2,48,031 units, as exports climbed 34 percent to 2,13,226 units, underscoring the company’s strengthening position in recovering global markets this year across its key export franchises.

Key Sale Figures

The May 2026 sales mix underlines broad-based traction across Bajaj Auto’s portfolio rather than a one-off spike in any single category. Domestic two-wheeler dispatches grew 9% year-on-year to 2,09,528 units, while exports of motorcycles and scooters jumped 30 percent to 1,83,676 units, taking total two-wheeler volumes to 3,93,204 units, up 18% versus May 2025.

Exports Remain the Primary Growth Engine

The latest numbers once again highlight Bajaj Auto’s outsized dependence on, and strength in, international markets. In May, export shipments across two-wheelers and commercial vehicles climbed 34 percent to 2,13,226 units, outpacing the 10 percent growth in domestic volumes, which stood at 2,48,031 units.

This trend is consistent with broader FY2026 dynamics, where Bajaj Auto retained its position as India’s largest two-wheeler exporter, shipping 19,67,810 units in the year and commanding about 38 percent share of the country’s two-wheeler exports. Key nameplates such as the Boxer, Platina, and CT range continue to anchor the brand’s presence in Africa and other emerging markets, even as competitive intensity rises.

Strong Y-T-D momentum in FY2026

On a year-to-date basis, Bajaj Auto has built a solid volume base over the first two months of FY2026. Cumulative sales for April–May 2026 stood at 9,75,049 units, up 30 percent from 7,50,431 units in the corresponding period of FY2025, reflecting sustained demand across customer segments and geographies.

Within this, total two-wheeler YTD volumes rose 28 percent to 8,33,157 units, driven by a 10 percent increase in domestic shipments to 4,19,591 units and a sharp 53 percent jump in exports to 4,13,566 units. Commercial vehicles also delivered strong leverage, with domestic sales for April–May up 16 percent to 76,650 units and exports nearly doubling—up 93 percent—to 65,242 units.

Building on a Strong April 2026 Momentum

The robust May tally comes on top of an already impressive April 2026 performance, indicating that the current momentum is not a one-month aberration. In April 2026, Bajaj Auto reported total wholesales of 5,13,792 units, a 40 percent year-on-year jump over 3,65,810 units in April 2025, supported by strong double-digit growth in both two-wheelers and commercial vehicles.

Two-wheeler volumes in April 2026 had surged 38 percent to 4,39,953 units, while commercial vehicles rose 54 percent to 73,839 units, setting up a high base which May has managed to sustain with another round of double-digit growth.

Domestic Demands Support

On the home front, Bajaj Auto’s 10 percent growth in combined domestic two-wheeler and commercial vehicle wholesales for May 2026 points to stable underlying retail demand despite a relatively high base. The brand continues to benefit from a refreshed Pulsar line-up, commuter offerings like Platina and CT, and a recovering three-wheeler market in urban and semi-urban pockets, though the latest press note focuses primarily on aggregate numbers rather than individual nameplates.

Also Read: Bajaj Auto launches new Pulsar N160 variant with gold USD forks and premium features

Market Outlook

The May 2026 sales communication, signed by Joint Managing Director Rakesh Sharma, underlines Bajaj Auto’s confidence in sustaining export‑led growth while consolidating share in key domestic sub-segments. The strong uptick in overseas CV and two-wheeler shipments, particularly the near‑doubling of YTD commercial vehicle exports, gives the company additional headroom to manage market cyclicality across regions.

CarBike 360 Says

Bajaj Auto’s strong May 2026 performance underscores the brand’s growing reliance on export markets to drive overall volumes. While domestic demand remains stable, international markets continue to provide significant momentum. Going forward, sustaining this export strength alongside domestic recovery will be crucial for maintaining consistent growth in an increasingly competitive two-wheeler landscape.