Bajaj is not only the most valuable 2-wheeler company in the world by market capitalization but it is also the only brand to have reached 1 lac crore market cap…
The share price of Bajaj Auto closed at Rs 3479 per share at the NSE today. This takes its market capitalization to Rs 100,670.76 crores. This makes it the most valuable company globally to have crossed this market capitalization of 1 Lakh crores.
Bajaj says its market cap is significantly higher than all other domestic Indian 2-wheeler companies and such a massive value has not been achieved ever by even any global 2-wheeler company.
The Pune based maker has achieved this feat in its 75th year of operations. Though it has lost market share to its rivals in the domestic market however, it has consistently improved its export markets. In fact, the company is shipping out higher number of products than its domestic consumption.
This means that Bajaj has maintained pretty healthy margins because it has the price liberty in international markets. The company is India’s largest exporter of 2-wheelers and by a massive margin.
Its partnership with KTM has helped it achieve unprecedented growth. And now with Triumph in the fray, things are only looking pretty exciting in the days to come. The duo will kick off proceedings with a sub 2 Lakh motorcycle which will be launched in about 2-3 years from now.
On this occasion, Rajiv Bajaj, Managing Director, 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.