On Friday, shares of Bajaj Auto Ltd hit a new all-time high of Rs 3,494 apiece pushing the market capitalisation of the 2-wheeler maker to over Rs 1,00,700 crore.
In a statement, the Pune-based company claimed that it is the first two-wheeler company to reach this milestone as well as being the most valuable two-wheeler maker in the world.
"This market cap is considerably higher than all other domestic two-wheeler companies. As per analysts, a market capitalization of over (Rs 1 lakh crore) has not been achieved before by any international two-wheeler company anywhere in the world," the company said in a press statement.
Bajaj Auto also said that it has achieved this milestone as it celebrates the 75th year of its operations.
"This inspires us even more to serve and delight customers all over the World," Bajaj Auto Managing Director Rajiv Bajaj said.
Bajaj Auto, the world's third-largest manufacturer of motorcycles and the largest manufacturer of three-wheelers, has its manufacturing facilities at Chakan near Pune, Waluj (Aurangabad) and Pantnagar (Uttrakhand).