Bajaj Auto Becomes World’s Most Valuable Two-Wheeler Company

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Bajaj Auto Restricted has reported that it has change into the primary two-wheeler firm on this planet to cross market capitalisation of Rs. 1 lakh crore.

Bajaj Auto has a market capitalisation of over Rs. 1 lakh crore
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Bajaj Auto has a market capitalisation of over Rs. 1 lakh crore

Bajaj Auto has change into the world’s first two-wheeler firm to cross a market capitalisation of ₹ 1 lakh crore. On January 1, 2021, the corporate’s share worth closed at ₹ 3,479 on the Nationwide Inventory Trade, making its market capitalisation ₹ 1,00,670.76 crore at that worth. The market valuation is significantly larger than all different home two-wheeler firms, Bajaj Auto stated in a press release. The corporate quoted analysts as saying {that a} market capitalisation of over ₹ 1 lakh crore has not bee achieved by any worldwide two-wheeler firm on this planet. This milestone comes as Bajaj celebrates its seventy fifth 12 months of operations.

Additionally Learn: Bajaj Auto Registers 11 Per Cent Progress In December 2020

“The corporate’s sharp concentrate on the bikes class and its unwavering dedication to methods of differentiation in addition to the observe of TPM mixed with international ambitions have immediately made Bajaj probably the most precious two-wheeler firm throughout the globe. This evokes us much more to serve and delight clients everywhere in the world,” Bajaj Auto Managing Director Rajiv Bajaj stated.

Additionally Learn: Bajaj Auto Logos Excelsior-Henderson Title In Europe

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Bajaj manufactures small displacement KTM bikes in India, that are exported globally

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Bajaj owns over 48 per cent stake in KTM AG of Austria, and a number of other small displacement fashions of KTM and Swedish bike model Husqvarna, additionally owned by KTM, are designed collectively by KTM and Bajaj and manufactured in India. Bajaj additionally has a non-equity partnership with UK’s Triumph Bikes below which small displacement Triumph bikes can be manufactured in India and provided on sale, in India, and different international markets.

Additionally Learn: COVID-19 Delays First Motorbike From Bajaj-Triumph Alliance To 2023

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Each the made-in-India Husqvarna Svartpilen 250 and the Vitpilen 250 are priced at ₹ 1.85 lakh

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Bajaj Auto has three manufacturing services at Chakan, close to Pune, Waluj close to Aurangabad, and Pantnagar in Uttarakhand. The corporate just lately introduced its fourth plant at Chakan with an funding of Rs, 650 crore for manufacturing premium section bikes and electrical two-wheelers. Bajaj Auto is India’s largest exporter of two-wheelers and three-wheelers.

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