India based leading automaker, Bajaj Auto has become the first two-wheeler company globally to cross Rs 1 lakh crore market capitalization.
The company in its statement said, “This market valuation is considerably higher than all other domestic two-wheeler companies.”
“As per analysts, a market capitalization of over Rs 1-lakh crore has not been achieved before by any international two-wheeler company anywhere in the world,” it added.
Bajaj Auto has achieved this milestone as it celebrates the 75th year of its operations, it 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,” Bajaj Auto Managing Director Rajiv Bajaj said.
The company’s share closed at Rs 3,479 on NSE on Friday, giving it a market capitalization of Rs 1,00,670.76 crore.
