Ali Hasan
We had high hopes from 2021 but we weren’t expecting good news that early. It’s really a proud moment for all of us as Bajaj Auto just became the most valuable 2-wheeler manufacturer in the world.
It’s the 1st company in the world to cross a market capitalization of Rs 1 lakh crores. On January 1, 2021, the company’s share price closed at Rs 3,479 on the national stock exchange thus crossing the market capitalization of Rs 1,00,670.76 crores. This milestone comes as Bajaj celebrates its 75th year of operations.
Bajaj Auto is present in more than 70 countries. The company also ventured into electric 2-wheeler space with the Chetak. Back home, it has announced a major investment of Rs 650 crores in a 4th plant to be built in Chakan, Maharashtra for a premium range of motorcycles and electric two-wheelers.
This new plant, which is expected to commence production in 2023, will manufacture KTM, Husqvarna, and Triumph motorcycles. It has also entered into a strategic alliance with Triumph Motorcycles to co-develop and manufacture a new range of Triumph products in India to serve the global markets as well.
“The company’s sharp focus is on the motorcycles category and its unwavering commitment to strategies of differentiation as well as the practice of TPM combined with global ambitions has today made Bajaj the most valuable 2-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 owns over 48% stake in KTM AG of Austria, and several small displacement models of KTM and Swedish motorcycle brand Husqvarna, also owned by KTM, are designed jointly by KTM and Bajaj and manufactured in India.
This is a great start to 2021. We wish Bajaj Auto congratulations and we’re proud that they did it.
