Bajaj Auto has become the first two-wheeler company in the world to cross a market capitalization of Rs 1 lakh crore, making it the most valuable two-wheeler maker.
The company’s share price closed at Rs 3,479 per share
Market capitalisation stands at Rs 1,00,670.76 crore
Bajaj is also India’s largest two-wheeler exporter
The company’s share price closed at Rs 3,479 per share on the NSE today, making its market capitalisation Rs 1,00,670.76 crore at this price. 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 began 75 years ago in India and today, brands like Pulsar, Boxer, Platina and RE are popular in over 70 countries. The global footprint is being continuously expanded with an entry into Thailand last year, and a proposed entry into Brazil. 2019 saw Bajaj Auto revive its brand Chetak and launch a premium electric scooter. Recently it also announced a major investment of Rs 650 crores in a fourth plant to be built in Chakan, Maharashtra for a 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 KTM and Husqvarna models are designed jointly by Bajaj and KTM, and are manufactured in India for exports to global markets, including developed countries like the USA and Japan. Auto has also struck an 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 to invest Rs 650 crore in new manufacturing plant in Chakan