- By Aditya Pratap Singh
- Tue, 04 Mar 2025 12:41 PM (IST)
- Source:JND
Bajaj Auto Share Price: Bajaj Auto share price fell over 3 percent during intraday trading on Tuesday, continuing its week-long downward trend. At around 12:08 pm, the automobile stocks fell 3.60% to reach an intraday low of 7,437.00 ON NSE. Bajaj Auto share price fell by over 10% in the past week.
The company recently reported a 14% drop in domestic 2-wheeler sales in February. Bajaj Auto sold 1.46 lakh two-wheelers in India in February 2025, it said in a filing with the exchange. This is a 14% decline from the 1.71 lakh 2-wheelers sold in February. In contrast, the company witnessed a 23% year-on-year growth in 2-wheeler exports to a total of 1.53 lakh units for the month.
In commercial vehicles, Bajaj Auto’s domestic sales rose 3% while exports declined 2%.
Two Wheeler Automobile Stocks Are In Pressure
The stocks of two-wheelers Bajaj Auto, Hero MotoCorp and Ola Electric Mobility have come under pressure and hit their respective 52-week lows in recent days. The automobile stock is down between 40 percent and 66 percent from its 52-week high.
Among individual stocks, shares of Ola Electric, which hit a new low of Rs 53.71 yesterday, bounced back slightly to trade in green today. At BSE the shares of India's largest EV two-wheelers manufacturer fell 6 per cent amid heavy trading volume on Monday.
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Ola Electric has laid off more than 1,000 employees and contract workers to stem mounting losses, according to a Bloomberg report.
Shares of Hero MotoCorp fell 2.42% to Rs 3,542.90 per share during intraday trade on Tuesday. The NSE hit a new 52-week low of Rs 3,535.50 after extensive selling in today's trading session (till 12:19 pm).
Hero MotoCorp reported a 17 per cent fall in total sales to 388,068 units in February from 468,410 units in the same period last year. The company’s domestic two-wheeler sales fell 20 per cent to 357,296 units in February. However, two-wheeler exports rose 33 per cent to 30,772 units this month.