Delhi: Indian two-wheeler maker Bajaj Auto on Monday, said that the company in December 2020 reported an 11 per cent increase in total with sales at 3,72,532 as compared to 3,36,055 in December 2019.
Domestic sales of the company saw a 9 per cent decline at 1,39,606 units as compared to 1,53,163 units in the year on year for 2020, it added. Total motorcycle sales were at 3,38,584 units last month as against 284,802 units in December 2019, up 19 per cent.
Total exports of the two-wheeler manufacturer jumped up by 27 per cent to 2,32,926 units as compared to 1,82,892 units in the same month a year ago, the company statement said.
Bajaj Becomes World’s Most Valued Two-Wheeler Manufacturer
As of January 1, 2021, Bajaj became the world’s first two-wheeler company to cross a market capitalization of ₹ 1 lakh crore, with a stock price on the National Stock Exchange at Rs 3,479, making it’s market capitalization Rs 1,00,670.76 crore at that price.
According to Bajaj, the market valuation is quite higher than all other domestic two-wheeler companies. The company quoted analysts as saying that a market capitalization of over ₹ 1 lakh crore has not been achieved by any international two-wheeler company in the world. The Achievement of the company comes at the two-wheeler manufacturer its 75th year of operations.
“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 owns around 48 per cent stake in the Austrian two-wheeler brand KTM AG and manufactures 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.
The Indian two-wheeler manufacturer is also in non-equity partnership with United Kingdoms’ Triumph Motorcycles to manufacture small displacement motorbikes in India for sale in the country and other markets.
Bajaj Auto has three manufacturing facilities at Chakan, near Pune, Waluj near Aurangabad, and Pantnagar in Uttarakhand. Recently, the company announced to open its fourth plant with an investment of Rs 650 crore for manufacturing premium segment bikes and electric two-wheelers at Chakan.
Bajaj Auto is India’s largest exporter of two-wheelers and three-wheelers.
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