Bajaj Auto market capitalisation crosses Rs 1 lakh crore

Date: 01 Jan 2021

Bajaj 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.

The 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.

Recently 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 two-wheelers.

 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.

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