Bajaj Auto Export At A New Record, Stock Sees Profit Booking

Bajaj Auto saw its export sales jump to a new record of 2,09,942 units in Dec 2020, a jump of 31 per cent from levels seen in Dec 2019.

Domestic sales in the month of December 2020, were up 4 per cent, when compared to December 2019.

Earlier last week Bajaj Auto became the first Two-wheeler company globally to cross a market capitalization of Rs l lakh crores.

This market cap is considerably higher than all other domestic two-wheeler companies. As per analysts, a market capitalization of over INR One lakh crores has not been achieved before by any international two-wheeler company anywhere in the world.

Recently the company announced a major investment of Rs 650 crores in a fourth plant to be built in Chakan, Maharashtra for premium range of motorcycles and electric two-wheelers. Bajaj Auto has a highly successful partnership with KTM AG of Austria where the collaboration has helped KTM to become the largest manufacturer of premium sports motorcycles.

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 ! r ! valuable two-wheeler company across the globe. This inspires us even more to serve and delight customers all over the World".

The shares of Bajaj Auto reacted slightly in trade and were last seen trading at Rs 3,471 on the National Stock Exchange, down 0.33 per cent over Friday's close.