Bajaj Auto m-cap crosses Rs 1 lakh crore mark; valuation higher than Yamaha, Harley-Davidson, Hero & TVS

Updated : January 01, 2021 10:51 PM IST

Pune-based Bajaj Auto has surged ahead of global and Indian two-wheeler companies such as Yamaha Motor Co, Harley-Davidson, Hero MotoCorp and TVS Motor Company in market valuation on Friday.

In the latest global pecking order by market capitalisation, Bajaj Auto ($13.6 billion) is on top, followed by Hero MotoCorp ($8.47 billion), Yamaha Motor Co ($7.36 billion), Harley-Davidson ($5.63 billion) and TVS Motor Company ($3.18 billion).

With Bajaj Auto crossing the market capitalisation of Rs 1-lakh crore, Indian firms now occupy 3 of the top 5 slots.

The company's share closed at Rs 3,479 on the NSE on Friday, giving it a market capitalisation Rs 1,00,670.76 crore.

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 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.

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.

Published : January 01, 2021 10:14 PM IST

Bajaj Auto m-cap crosses Rs 1 lakh crore mark; valuation higher than Yamaha, Harley-Davidson, Hero & TVS

You May Also Like

Coronavirus news highlights: Section 144 in Maharashtra, night curfew imposed from 8 pm to 7 am until May 1

Carnelian Capital expects further correction in market in next 1-2 months

Private vehicles to be fined Rs 1,000 for unnecessary travel

Trending on CNBC-TV18

recommended for you