28-Oct-2026 08:43:32

JEFFERIES ON BAJAJ AUTO ; HOLD | TP ₹11,500

• Bajaj Auto continues to deliver strong performance despite elevated cost pressures. • Q2 FY27 growth supported by better product realisations. • Two-wheeler demand momentum remains strong across domestic and export markets. • Electric vehicle (EV) business continues to perform well, supporting future growth opportunities. • Company has regained some market share in export markets, reflecting improving international competitiveness. • Domestic motorcycle market share remains under pressure despite healthy overall demand. • Jefferies maintains HOLD rating on Bajaj Auto with a target price of ₹11,500, balancing strong business performance against cost pressures and domestic market-share challenges.

BAJAJ AUTO LIMITED

← Back to feed