Bajaj Auto has entered the new year by hitting quite the landmark.
Bajaj Auto's sharp focus and unwavering commitment to motorcycle manufacturing and service has payed off tremendously as the firm claims that it has become the first two-wheeler company across the globe to cross a market capitalisation of ₹1-lakh crore (around $13.6 billion).
The company hitting the landmark while it celebrated its 75th year of operations was the cherry on the top.
A Year to Look Forward to?
With the arrival of 2021, firms in the automobile sector revealed their end of the year sales.
Ashok Leyland saw its shares rise by 4% after the firm reported a 14 per cent increase in its total commercial vehicle sales in December 2020.
While bike makers Royal Enfield reported a 37 percent increase in total sales at 68,995 units in December, VE Commercial Vehicles of Eicher Motors reported a decline in its sales.
SML IZUSU and Atul Auto Limited recorded declining sales.
Bottom line: Bajaj entering 2021 in style as other firms also look forward to a year of great reap.