• About
  • Contact
Monday, January 18, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

75 Year Old Bajaj Auto Becomes Most Valuable two Wheeler Company in the world

Abdul Kadir Khan by Abdul Kadir Khan
January 6, 2021
in News
2 min read
0
bajaj logo

bajaj logo

Share on FacebookShare on Twitter

Bajaj auto itself announces that it is now the first two-wheeler company in the world with a market value of Rs 1 lakh crore(USD 13.6 Billion). As per Analysts also, no other two-wheeler company has achieved a market capitalization of 1 lakh crore.

The company achieved the magical number when its share closed on Rs 3479 on National Stock Exchange(NSE) on Friday. Bajaj auto is in the business for the last 75 years. Crossing a valuation on the 75th anniversary is the icing on the cake.

Journey to the Most Valuable Two-Wheeler Company 

Compare to the December 2019 auto sale of 336055, bajaj auto-recorded 11 percent higher sales in December 2020. Numbers, a total of 372532 units were sold in December of 2020.

Domestic sales of the company went down by 9% while comparing December 2020 with December 2019. The auto company observed an export rise of 27% compared to December month of last year. Company exports vehicles to 70 different countries in the world.

Rajiv Bajaj’s tenure as CEO of Bajaj Auto was to be expired on 31st March 2020, but the board has reappointed him as the CEO for the next 5 years.

While talking about the recent developments, Mr. Rajiv Bajaj, Managing Director, Bajaj Auto, 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”.

Shareholders Of Tata & Bajaj Among Top 20 Richest People In Auto Sector.

Future Manufacturing Plans and Partnership with other Companies

The company has a plan to open its fourth manufacturing unit in Chakan. The auto company already has one manufacturing unit in Chakan. Town Chakan comes under the district of Pune. Bajaj Auto’s two other manufacturing units are in Aurangabad, Uttarakhand. The company has a plan to manufacture electric two-wheelers in the new plant of Chakan. Total Rs 650 crore will be used to build this new innovative manufacturing unit. Bajaj Auto launched an electric scooter at the beginning of 2020.

Bajaj Auto also invested in YULU startup to support the startup ecosystem.

Bajaj auto is having a valuable partnership with Kraftfahrzeuge Trunkenpolz Mattighofen (KTM) AG of Austria. Premium sports motorcycles are the main manufactured product of KTM. Bajaj Auto helps KTM in designing the motorcycle. Manufacturing of premium motorcycles of KTM takes place in India and then they are exported to the world. With the help of Bajaj Auto, KTM has become the largest premium motorcycle manufacturer.

A similar kind of agreement is also signed with UK-based Triumph Motorcycles.

Previous Post

boAt Receives $100 Million Funding from New York Based Warbug Pincus

Next Post

Award Winning iMumz Pregnancy Health App helped in delivering 1Lakh Healthy Babies

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

Under Pressure WhatsApp Delays its Controversial New Policy Update
News

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
IndiaMart Market Cap Hits $3 Billion
News

IndiaMart Market Cap Hits $3 Billion

January 15, 2021
Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion
News

Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion

January 15, 2021
Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies
News

Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies

January 15, 2021
Rise of Regional OTT Platforms in India during the Pandemic Time
News

Rise of Regional OTT Platforms in India during the Pandemic Time

January 15, 2021
Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture
News

Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture

January 14, 2021
Next Post
Award Winning iMumz Pregnancy Health App helped in delivering 1Lakh Healthy Babies

Award Winning iMumz Pregnancy Health App helped in delivering 1Lakh Healthy Babies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Starbucks outlet

Starbucks Might Misspell Your Name On Purpose For Free Publicity and Advertising

2 years ago
automobile-industry-next-big-brand

Automobile Industry plunged to worst sales figure of last two decades in July

1 year ago
Reliance brands - Next Big Brand

After a Round of Achievements, Shares of Reliance Industries Saw Biggest Single-Day Loss

10 months ago
sharechat-twitter-next-big-brand

ShareChat raises $100 Million In An Investment Round Led By Twitter

1 year ago

FOLLOW US

  • 22.2k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry
  • Under Pressure WhatsApp Delays its Controversial New Policy Update
  • IndiaMart Market Cap Hits $3 Billion

Instagram

Follow Me!

Latest News

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

January 17, 2021
Under Pressure WhatsApp Delays its Controversial New Policy Update

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.