Bajaj Auto inches up on looking to double network for electric scooter Chetak
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Bajaj Auto is currently trading at Rs. 3608.10, up by 11.65 points or 0.32% from its previous closing of Rs. 3596.45 on the BSE.
The scrip opened at Rs. 3599.00 and has touched a high and low of Rs. 3610.70 and Rs. 3575.00 respectively. So far 241 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4347.95 on 01-Jun-2021 and a 52 week low of Rs. 3028.35 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 3660.00 and Rs. 3422.15 respectively. The current market cap of the company is Rs. 104069.40 crore.
The promoters holding in the company stood at 53.73%, while Institutions and Non-Institutions held 23.43% and 22.84% respectively.
Bajaj Auto is looking to double the network for its electric scooter Chetak in the coming weeks to cater to the increased demand for the offering. The company, which brought back its iconic scooter brand in the electric version in October 2019, has already added 12 new cities in the network in the first six weeks of 2022. The Pune-based automaker had previously opened bookings for its e-scooter in eight cities in 2021.
Bookings for the Chetak have been opened in an additional 12 cities - Coimbatore, Madurai, Kochi, Kozhikode, Hubli, Visakhapatnam, Nashik, Vasai, Surat, Delhi, Mumbai and Mapusa - in the first six weeks of this year. With this, Chetak can now be booked across 20 cities in the country, with a 4-8-week waiting period.
Bajaj Auto is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.
