Bajaj Auto is a global automotive manufacturer based out of Pune. They manufacture two-wheeler vehicles and auto rickshaws. The company was founded in 1945. Initially, they were importers of two and three-wheeler vehicles, but later pivoted to manufacturing two-wheeler, gaining license from Piaggio, Italy to manufacture Vespa scooters in India. At present, their market capitalisation is around Rs 1.16 lakh crore. The price of the stock is 3,934 as on September 6, closing time. Their stock has returned 4.69 per cent in one year. The company’s June 22 quarterly revenue is Rs 8,320 crore. They registered a 7.9 per cent growth year-on-year.
They have already entered the EV market, and have an electric version of their classic Chetak scooter.