GaadiWaadi –
Bajaj Auto delivered its highest-ever quarterly sales in Q3 FY26 crossing levels not seen in over three years
Bajaj Auto’s Q3 FY26 performance was fundamentally a volume story with record sales across multiple segments forming the base for revenue, margin expansion and profit growth. The company delivered its highest-ever quarterly volumes crossing levels not seen in over three years due to the rebound in exports, strength shown in domestic sales and a breakout quarter for electric vehicles.
Total global volumes in Q3 FY26 stood at 1,341,252 units with a 10 per cent year-on-year increase over 1,224,472 units in Q3 FY25 and a 4 per cent sequential rise from 1,294,120 units in Q2 FY26. For the first nine months of FY26, Bajaj sold 3,746,609 units, up 6 per cent YoY. Bajaj Auto shipped 610,215 units overseas in Q3 FY26 – an 18 per cent YoY jump over 517,367 units last year.
It was the first time export volumes crossed 600,000 units in 15 quarters. Two-wheeler exports reached 531,175 units – growing 14 per cent YoY – while commercial vehicle exports surged to 79,040 units, clocking a massive 56 per cent YoY growth. Africa and Asia delivered double-digit growth while Latin America continued to outperform – extending its streak of market-leading performances.
Export of commercial vehicles continued momentum with yet another quarter of around 80,000 units. Over the nine-month period, exports totalled 1,639,971 units – up 19 per cent YoY – with commercial vehicles alone growing 53 per cent to 216,938 units. Total domestic volumes in Q3 FY26 stood at 731,037 units – up 3 per cent YoY – though marginally lower than the festive-heavy Q2 FY26.
Domestic two-wheeler volumes came in at 601,208 units – registering 2 per cent YoY growth – while commercial vehicle volumes reached 129,829 units, up 9 per cent YoY. Within motorcycles, Bajaj recorded its biggest-ever quarter in the 125 cc+ segment. The Pulsar range led this growth – supported by refreshed products, upgrades and on-ground activation.
The sports segment played a key role in lifting retail volumes to historic highs. Electric vehicles emerged as one of the most important contributors this quarter. The electric portfolio delivered its largest ever domestic quarter with EVs contributing 25 per cent of domestic revenues. Electric three-wheelers hit peak billings and retail volumes allowing Bajaj to exit the quarter in a market-leading position.
The Riki platform, launched last quarter, gained additional traction with the introduction of the e-kart variant and rapid network expansion to nearly 50 cities. The Chetak electric scooter posted a near 70 per cent sequential volume jump after supply constraints in Q2 FY26. With HRE sourcing challenges resolved through alternate measures, production ramped up quickly.
Chetak achieved its highest-ever quarterly volumes and expanded market share by around 500 basis points QoQ as well. The KTM–Triumph partnership resulted in a combined domestic volumes and revenues growth by approximately 50 per cent YoY. KTM saw decent demand across Duke and Adventure models courtesy of portfolio expansion and updates.
Triumph benefited from pricing actions that absorbed the impact of the GST increase on motorcycles above 350 cc with good volumes for both Speed and Scrambler models. Total CV sales in Q3 FY26 stood at 208,869 units globally – up 23 per cent YoY. Domestically, Bajaj Auto crossed 100,000 CV retails for the tenth consecutive quarter.
The post Bajaj Sales Jump 10% To 13.4 Lakh Units In Q3 FY26, Exports At 6 Lakh+ Units appeared first on Gaadiwaadi.com – Latest Car & Bike News by Surendhar M.