Eicher Motors rides past Bajaj Auto in market capitalisation

It closed the day with a market cap of Rs 81,776 cr at the BSE, ahead of Bajaj Auto's Rs 81,242 cr

Eicher Motors, maker of Royal Enfield motorcycles, has overtaken Pune-headquartered Bajaj Auto in market capitalisation and become the highest valued Indian two-wheeler company. 

Eicher’s stock rose about 2.6 per cent on Monday to a new high of of Rs 30,160 on BSE. The Gurugram-headquartered firm closed the day with a m-cap of Rs 81,776 crore at BSE, ahead of Bajaj Auto’s Rs 81,242 crore. The country’s largest two-wheeler maker, Hero MotoCorp, has one of Rs 72,971 crore. 

Eicher is a niche motorcycle maker, with significantly lower volumes than Bajaj and Hero. Its revenue and profit is also the lowest of