The world’s third largest motorcycle manufacturer and India’s No. 1 motorcycle exporter crosses market capitalisation of Rs 1 lakh crore.
01 Jan 2021 | 39939 Views | By Autocar Professional Bureau
Bajaj Auto has becomes the first two-wheeler company globally to cross a market capitalization of Rs 1 lakh crore. The company’s share price closed at Rs 3,479 per share on NSE today, making its market capitalisation Rs 100,670.76 crore at this price. Significantly, this milestone comes as Bajaj celebrates the 75
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Bajaj Auto has becomes the first two-wheeler company globally to cross a market capitalization of Rs 1 lakh crore. The company’s share price closed at Rs 3,479 per share on NSE today, making its market capitalisation Rs 100,670.76 crore at this price. Significantly, this milestone comes as Bajaj 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. Thus, Bajaj Auto is not only the most valued company in the two-wheeler segment, but also the first ever two-wheeler company in the world to have reached this market cap milestone.
Bajaj Auto’s 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. The global footprint is being continuously expanded with entry into Thailand this year and a proposed entry into Brazil next year. Last year saw Bajaj Auto revive its iconic brand Chetak and launch a premium, stylish electric scooter. Recently it also announced a major 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 also forged 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 and 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 Motorcycles of the UK to similarly co-design and manufacture a new range of Triumph motorcycles in India to serve global markets.
Commenting on the milestone, Rajiv Bajaj, Managing Director, Bajaj Auto said,”The company’s sharp focus on the motorcycle category and its unwavering commitment to strategies of differentiation as well as the practice of TPM combined with global ambitions have today made Bajaj the most valuable two-wheeler company across the globe. This inspires us even more to serve and delight customers all over the world”.
Bajaj Auto, the flagship company of the Bajaj Group, 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.
The company has an in-house, state-of-the-art R&D Centre actively developing new products and technologies driving its business growth. Bajaj Auto is also India’s No.1 motorcycle and three-wheeler exporter, with two out of three bikes and three- wheelers exported from India being made by Bajaj.