The Bajaj Auto Limited is a nifty 50 company and an automobile major in India. It is a leader in the automobile sector in India(two and three wheeler). Bajaj Auto share price reflects the present financial condition of the company.
Bajaj Auto Share Price Graph
Incorporated in 1926, long before independence, Bajaj Auto Limited is a $2.6 billion dollar company today. It is the fourth largest two-wheeler company in the world.
Earlier, after it started business it used to import auto and spare parts in India. In 1959, Government of India allowed Bajaj Auto Limited to manufacture two and three wheelers in India. On the basis of that license it continues to manufacture two-wheelers and three-wheelers in India and has grown into big stature and of international fame today. It has manufacturing plant in Waluj and Chakan in Maharashtra and Pantnagar in Uttaranchal.
The Bajaj Auto Limited made Bajaj a household name since long. Today some of its motorcycles and scooters have earned iconic stature in India and abroad. Bajaj Auto Limited operates on the basis of its vast distributor – dealer network and authorised service centres. Now it has 485 dealers, 1600 authorized service centres, 171 exclusive showrooms and 3750 rural outlets in India.
In addition to above it has strong global consumer base in several countries of Latin America, Middle East, Africa, South Asia and of course, South East Asia. its distribution network covers more than 50 countries including dominant presence in Brazil, Mexico, Peru, Colombia and other countries of South and Central America, Egypt, Bangladesh, Srilanka. In the countries where they export, they compete with international brands in terms of price and quality and captured big chunk of customers from them.
Its long-standing tie-up with Kawasaki Corporation of Japan for technical collaboration and marketing has immensely helped the company pushed it forward internationally in the two wheeler space.
Company Financials – Bajaj Auto share price is Rs 2808.95 (as on 16.06.17, EOD) in BSE. As per latest data, the standalone basis P/E is 21.24 versus average industry PE of 27.92, EPS is Rs 132.27. Market cap is Rs 81,282 crores. The face value of a share is Rs 10.
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