NEW DELHI: Bajaj Auto Ltd has become the first two-wheeler company to cross a market capitalisation of Rs 1 lakh crore, globally. The announcement was made by the company in a BSE listing highlighting that its share price closed at Rs 3,479 per share on NSE on 1 January 2021, making its market capitalisation Rs 100,670.76 crores at this price. 

This milestone comes as Bajaj celebrates its 75th year of operations.

The company stated, “This market cap is considerably higher than all other domestic two-wheeler companies. As per analysts, a market capitalisation of over rupees one lakh crores has not been achieved before by any international two-wheeler company anywhere in the world. Thus, Bajaj Auto is not only the most valued company in the two-wheeler segment but also the first-ever two-wheeler company in the world to have reached the milestone of a market cap of over Rs 1 lakh  crore.” 

The automobile manufacturer has reported an 11 per cent increase in total sales at 3,72,532 units in December 2020. Total motorcycle sales were at 3,38,584 units last month as against 284,802 units in December 2019, up 19 per cent, it added.

Bajaj Auto MD Rajiv Bajaj 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.”