Bajaj auto becomes the world’s most valuable 2-wheeler company, reaches 1 lakh crore market cap
PTI, Jan 3, 2021, 1:57 PM IST
Pune-based Bajaj Auto has said that it has become the first two-wheeler company globally to cross a market capitalisation of Rs 1-lakh crore (around USD 13.6 billion). This market valuation is considerably higher than all other domestic two-wheeler companies, Bajaj Auto said in a statement.
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, it added. The company’s share closed at Rs 3,479 on NSE on Friday, giving it a market capitalisation Rs 1,00,670.76 crore. Bajaj Auto has achieved this milestone as it celebrates the 75th year of its operations, it said.
The company’s sharp focus on the motorcycles 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 Managing Director Rajiv Bajaj said. TPM (total productive maintenance) is a holistic approach to equipment maintenance that strives to achieve perfect production. Bajaj Auto, the world’s third-largest manufacturer of motorcycles and the largest manufacturer of three-wheelers, has its manufacturing facilities at Chakan near Pune, Waluj (Aurangabad) and Pantnagar (Uttrakhand). It recently announced setting up of its fourth plant at Chakan at an investment of Rs 650 crore for manufacturing premium segment bikes and electric two-wheelers.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Maruti Suzuki looks to cash in on ‘few lakh marriages’ in Nov to carry festive sales momentum
Auto sales grow in mid-to-high single digits during Navratras, rural sales muted: Report
Car makers witness record sales on Dhanteras; Oct bookings up by 30%
State not empowered to frame rules for motor driving schools: HC
Delhi: Commercial vehicle owners may soon receive challans on WhatsApp
MUST WATCH
Latest Additions
Balasore tragedy result of composite negligence of railway officials: Orissa High Court
Actress Kasthuri stokes controversy by her remarks on Telugu-speaking people in TN
Three convicted for 2016 Kollam collectorate blast case
Expect Canadian government to ensure justice, uphold rule of law: PM Modi
Group clash in Indore after argument over bursting firecrackers: NSA slapped against 2 accused
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.