Bajaj Auto shares decline as firm receives tax notice of ₹35 crore; all you need to know

The order issued by the office of Deputy Commissioner, Rudrapur, Uttarakhand, also imposed a penalty amounting to ₹3.47 crore, the Pune-based firm said in a regulatory filing.

According to tax authorities, the company, being a manufacturer of automobiles, with the spare parts being a customised product only used in the manufacturing of vehicles, would get classified as auto parts, disregarding the principle of general rules of interpretation, the company said.

Bajaj Auto believes that it has a very strong case on merit, as it has been rightly classifying the parts and accessories for more than three decades, following the General Rules of Interpretation, relevant section notes, chapter notes and HSN Explanatory notes, which are supported by various judicial precedents.

Therefore, the company stated that it believes the tax demand is not maintainable in law.

The said order is an appealable order, and the company will take appropriate legal remedies as per law, it stated.

Bajaj Auto November sales

The company this week reported steady growth in overall sales for the month at 8% as exports continued to outperform the domestic market. In the two-wheeler segment, the domestic sales growth remained flat at 202,510 units vs 203,611 units in the same month the previous year. While the export market grew by 8% YoY to 177,204 units.

The commercial vehicle segment posted robust growth at 21% YoY in the domestic market and 75% in the export market, which boosted the overall commercial vehicle segment growth of 37% for November.

Overall, Bajaj Auto’s domestic sales growth, including two-wheelers and commercial vehicles, stood at 3%, while exports grew strongly by 14% YoY for the same month. Auto sales numbers are in focus after the new GST rate rationalisation reduced the GST rates for two-wheelers and four-wheelers.

Bajaj Auto share price

At 2:50 PM, shares of Bajaj Auto were trading at ₹9,086 apiece on the National Stock Exchange (NSE), losing 0.11%.

The shares of the auto firm have risen 2% in the past month and gained 7% in the last six months. Since the start of 2025, the stock has climbed 4%. The company has a market capitalisation of ₹2.54 lakh crore.

Shares of the bank had touched their one-year high of ₹9,490 apiece on September 8, 2025, while their 52-week low of ₹7,089.35 was hit on April 7, 2025.

Bajaj Auto Q2 earnings

Bajaj Auto had reported a standalone net profit of ₹2,480 crore in the second quarter of the current financial year (Q2 FY26), marking an increase of 23.6% from ₹2,005 crore in the same period last year.

The Pune-based company's revenue from operations also surged 14% in the reporting quarter to ₹14,922 crore as compared to ₹13,127 crore on a year-on-year (YoY) basis.

The country's second-largest two-wheeler maker's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 15% to ₹3,052 crore in Q2 FY26 as against ₹2,652 crore in the corresponding quarter for the previous fiscal year. Its margin remained almost flat at 20.4%, in contrast to 20.2% YoY.