Bajaj Auto market capitalisation crosses Rs 1 lakh crore
Date: 01 Jan 2021
Auto Ltd has become the first two-wheeler company globally to cross a market
capitalisation of Rs 1 lakh crore. The
share price of Bajaj Auto Ltd, closed at Rs 3479 per share on NSE on January 1,
2021 making its market capitalisation Rs 100,670.76 crore at this price.
Significantly, Bajaj Auto has established this historic milestone as it
celebrates the 75th year of its operations.
This market cap is considerably higher than
all other domestic two-wheeler companies. As per analysts, a market
capitalisation of over Rs 1 lakh crore has not been achieved before by any
international two-wheeler company anywhere in the world.
journey of Bajaj Auto began 75 years ago in India and today its brands like
Pulsar, Boxer, Platina and RE are popular in over 70 countries around the
world. The global footprint is being continuously expanded with entry into
Thailand this year and a proposed entry into Brazil next year. Bajaj Auto
revived its iconic brand Chetak and launched a premium, stylish electric
scooter earlier in 2020.
the company announced an investment of Rs 650 crores in a fourth plant to be
built in Chakan, Maharashtra for premium range of motorcycles and electric
Bajaj Auto has a highly successful partnership
with KTM AG of Austria where the collaboration has helped KTM to become the
largest manufacturer of premium sports motorcycles. Several models of the
iconic KTM and Husqvarna range are designed jointly by Bajaj & KTM and are
manufactured in India for exports to global markets including to developed
countries like USA and Japan. Bajaj Auto has also struck a strategic alliance with
Triumph UK to similarly co-design and manufacture a new range of Triumph
motorcycles in India to serve global markets.
Bajaj Auto is the world’s third largest
manufacturer of motorcycles and the largest manufacturer of three wheelers. It
has its manufacturing facilities located at Chakan near Pune, Waluj near
Aurangabad, and at Pantnagar in Uttarakhand.