Bajaj Auto rises on logging over four-fold jump in domestic sales of Chetak in FY23
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Bajaj Auto is currently trading at Rs. 4666.00, up by 55.30 points or 1.20% from its previous closing of Rs. 4610.70 on the BSE.
The scrip opened at Rs. 4582.05 and has touched a high and low of Rs. 4672.00 and Rs. 4582.05 respectively. So far 6505 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4828.80 on 08-Jun-2023 and a 52 week low of Rs. 3462.05 on 30-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4740.00 and Rs. 4582.05 respectively. The current market cap of the company is Rs. 131858.13 crore.
The promoters holding in the company stood at 54.98%, while Institutions and Non-Institutions held 23.21% and 21.80% respectively.
Bajaj Auto has logged growth of over four-fold in domestic sales of its electric scooter Chetak to 36,260 units in FY23, with the easing of global semiconductor shortage. In FY22, Chetak electric scooter clocked sales of 8,187 units.
The iconic brand Chetak was re-introduced in the market as an electric scooter in FY2021. In the year ended March 2021, domestic sales of Chetak EV were at 1,395 units. The Chetak is currently sold through 105 dealers present across 84 cities.
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.
