Bajaj Auto (NSE: BAJAJ-AUTO) is projecting October sales to top 5.70 million units, a jump from the 5.30 million recorded last month, while its shares slid 9% to ₹9,950 in early trade.
Sharma noted that the 40,000‑unit shortfall in September was purely a supply‑chain hiccup; component shortages and container bottlenecks cut output in the Chetak lineup by 18,000 units. With the bottleneck cleared, the company now expects to produce 62,000 Chetak units in October, matching the demand that currently exceeds 65,000.
Production of the 150cc‑plus range rebounded sharply, with 90,000 three‑wheelers built this month, the highest ever for the segment, as demand outstripped supply in both electric and ICE models.
Export markets showed resilience; Nigeria sales climbed to 36,000 units, up from 30,000, while Latin America and Africa posted solid growth, contrasting with a decline in the MENA region.
Year‑to‑date sales growth sits at 13%, and the 150cc‑plus segment expanded 28% between April and August. The firm expects the third quarter to mirror the 1.4× run‑rate trend, with festive demand likely to sustain momentum.