On the first day of 2021, Bajaj’s share price on NSE closed at Rs. 3,479 per share, leading to a market cap of more than Rs. 1 lakh crore
Being the first company to cross a market capitalization of Rs. 1 lakh crore, Bajaj Auto has become the most valuable two-wheeler company in the world. On NSE yesterday, the Indian manufacturer’s share price closed at Rs. 3,479 per share and at this point the market capitalization stood at more than one lakh crore. It couldn’t have come at a better time as Bajaj has turned 75 years in business.
It has been said that the market capitalization of more than Rs. 1 lakh crore has not been reached by any foreign two-wheeler company and is more important than any other local brand. Bajaj Auto has a strong presence in the domestic market and exports to more than 70 countries around the world. In addition, the KTM acquisition helped make a huge impact globally.
Early last year Bajaj brought the Husqvarna brand to India and is sold through KTM dealers. The Svartpilen 250 and Vitpilen 250 are well received among Indian customers, while after more than a decade of absence, Bajaj re-entered the scooter space courtesy of the Chetak around the same time.
Recently Bajaj announced to invest around Rs. 650 crore at a new facility in Chakan, near Pune. It adheres to the premium range of two-wheelers and electric mobility solutions. Additionally, Bajaj’s relationship with Triumph Motorcycles is seen as a breakthrough in the brand’s entry into new segments in the near future.
Bajaj is the world’s third-largest two-wheeler producer when analyzed in combined numbers and the largest in terms of three-wheeler production with factories in Chakan, Waluj and Pantnagar. The brand is India’s largest exporter of two- and three-wheelers, and KTM and Husqvarna motorcycles are shipped to many developed markets.
In India, Bajaj is popular for its range of Pulsar motorcycles that ranges from 125cc to 220cc. On the other hand, it also makes entry-level commuter motorcycles such as Platina, CT100 and others.
